Podcast
Questions and Answers
What can you perform with EY Canvas?
What can you perform with EY Canvas?
What is EY Canvas?
What is EY Canvas?
A global web-based engagement project management platform.
What are EY Canvas winning behaviors?
What are EY Canvas winning behaviors?
What are some functionalities of the Options Cog?
What are some functionalities of the Options Cog?
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EY Canvas requires team members to complete annual audit engagement independence inquiries before accessing the engagement.
EY Canvas requires team members to complete annual audit engagement independence inquiries before accessing the engagement.
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What does EY Canvas track during engagement independence inquiries?
What does EY Canvas track during engagement independence inquiries?
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What does EY Canvas do to identify potential independence matters?
What does EY Canvas do to identify potential independence matters?
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What does the EY Canvas Dashboard: Documents contain?
What does the EY Canvas Dashboard: Documents contain?
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What does the EY Canvas Dashboard: My engagement summary show?
What does the EY Canvas Dashboard: My engagement summary show?
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Match the following terms with their definitions:
Match the following terms with their definitions:
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Study Notes
EY Canvas Overview
- EY Canvas is a global web-based engagement project management platform aimed at enhancing team efficiency and effectiveness.
- The platform focuses on improving project management, team collaboration, and risk management by ensuring tasks are completed correctly and promptly.
Key Functionalities
- Basic functionalities of EY Canvas include editing engagements and managing team settings.
- Features include editing workspaces and removing or deleting engagements, as well as overriding archive deadlines.
Importance of Independence
- All team members must complete annual audit engagement independence inquiries before accessing the engagement.
- EY Canvas tracks the status of these inquiries and identifies potential independence issues through validation checks.
Winning Behaviors
- EY Canvas promotes behaviors that focus on increased risk management, project management, team collaboration, and enhanced client interactions.
Dashboard Features
- Documents Section: Displays all evidence related to the engagement, including current year evidence, temporary files, prior period evidence, external documents, unresolved conflicts, and recently deleted documents.
- My Engagement Summary: Provides an overview of individual tasks, review notes, and collaboration activities.
- All Engagement Summary: Summarizes tasks by section, counts open review notes, and tracks task status by time phase for effective project management.
Concepts and Acronyms
- PPEDD: Refers to the roles of Partner in charge, Engagement Partner, or Executive Director.
- GAM: Stands for Global Audit Methodology, which guides audit processes within EY Canvas.
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Description
This quiz focuses on the fundamental concepts of EY Canvas. By engaging with these flashcards, learners will be equipped to perform essential functionalities and understand the resources available within EY Canvas. Ideal for those beginning their journey with this tool.
