6/6/2023 0 Comments Helix meaningUsing these allows us to obtain a better understanding of both revenue and trade receivables to help focus our audit procedures. The EY Helix library of analyzers supports the audit from risk assessment to execution, addressing a business’ entire operating cycle.įor example, audit teams can use analytics to look at sales invoicing activity throughout the year, the impact of credit memos and, ultimately, how the invoices are settled. It is our global analytics platform, which includes a suite of data capture and analytics tools that dramatically increase not only the depth and breadth of captured data, but also the value of insight derived from it. EY Helix gives our teams the ability to analyze larger volumes of audit-relevant data to derive insights and a more in-depth understanding of EY clients’ financial close and business operations.īuilt to scale to meet the needs of all of EY clients, EY Helix is an integral element of our audits. We take an analytics-driven approach to audit that allows us to provide better-quality, deeper insights and more client-relevant audits, as well as exercise a higher level of professional skepticism.įollowing EY Helix’s launch, there are now more than 70,000 instances of our analytics being used across the globe. Critically, the use of analytics at EY is guided by one principle: it is not about tools looking for issues, but about our auditors considering what the analyzed data means and assessing its implication to the audit.
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