Ernst & Young

Ernst & Young (EY), a global leader in professional services, is dedicated to building a better working world by delivering high-quality insights and services that help build trust and confidence in the capital markets and global economies. Its approximately 400,000 professionals across more than 150 countries operate in high-performing, multidisciplinary teams that pursue the highest levels of integrity, quality, and professionalism in delivering comprehensive services to clients. Through its four integrated service lines – Assurance, Consulting, Strategy and Transactions, and Tax – deep sector knowledge and advanced technology enablement, EY teams help clients to capitalize on new opportunities and assess and manage risk to deliver responsible growth. Delivering value that clients care about remains the cornerstone of EY's mission.

EY was one of the founding firms of the XBRL consortium in 1999 and continues to play a significant role in various international and country consortium committees. The adoption of XBRL enables companies to make faster and better decisions while reducing costs. It also allows financial analysts, investors, accountants, government agencies, and other stakeholders to access, compare, and analyze data in innovative ways. EY continues to innovate with the emerging technologies of today, including artificial intelligence (AI), to enhance its service offerings.

As with all transformational technologies, the timing of the adoption process is critical. EY has developed a point-of-view and implementation process around internal and external web-enabled business reporting that maximizes benefits while minimizing costs and effort. Forward-thinking organizations are encouraged to evaluate how they can utilize XBRL in their reporting activities to achieve productivity benefits for both the market and their organizations. Contact Ernst & Young to assist you in determining “what to do when.”