Ernst & Young LLP (EY), one of the Big Four accounting firms, is integrating AI-powered e-discovery technology into its global services, an initiative termed an “alliance” with legal technology company, Reveal. This information was brought into the public sphere through an announcement made by the firm in recent days.
The integration of this technology into EY’s services aims to amplify the ease and efficiency in sorting and scrutinising client data and documentation. This would potentially be beneficial in contexts involving regulatory matters, investigations, and litigation. Todd Marlin, the global forensic and integrity services technology and innovation leader at EY, shared these intentions in relation to the new partnership.
Investment in AI technology is increasingly becoming a pattern among the Big Four, this innovation and automation being harnessed to augment their services to clients. It is worth noting that EY previously declared that they were incorporating Microsoft AI technology into its tax platform, showcasing this trend in shifting towards more technologically-advanced solutions.
Seeking further details? Visit the original report on Bloomberg Law.