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Ernst & Young tells California Board of Accountancy AI can reshape audits but raises governance and trust questions
Summary
Ernst & Young told the California Board of Accountancy that generative AI is at an inflection point for auditing — offering productivity and quality gains but introducing new cyber and governance risks. Board members pressed presenters on trust, training, fieldwork and how fees and standards may change.
Ernst & Young partners presented a detailed briefing to the California Board of Accountancy on Nov. 20, 2025, arguing that generative artificial intelligence is already changing how audits are done and will continue to reshape assurance work, workforce skills and audit governance.
The presentation — led by Richard Jackson, U.S. Assurance chief technology officer, and Ryan Liu, West Region Assurance AI leader — laid out common enterprise use cases (document intelligence for invoice and contract processing, full-population analytics for risk identification, automated tie‑outs of financial statements and ‘code explainer’ tools for reviewing application controls). Jackson said the profession is “in an inflection point” since generative models entered public view and called AI “a sea of contradictions,” noting high reported returns on investment alongside research that many AI projects fail.
Board members and presenters focused on three…
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