Remote Auditing – Best Practices, Pros And Cons
Remote Auditing – Best Practices, Pros And Cons

Author(s): Iavor Bachev
Subject(s): Social Sciences, Economy, Business Economy / Management, Sociology, Evaluation research, Social Informatics, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: audit; audit practices; remote audit
Summary/Abstract: During and after the COVID-19 outbreak, enterprises were obliged to transition to socalled remote working environments at work. Auditors had to adjust to the changing work environment, and remote auditing became a component of the new method of working. This shift has resulted not only in new obstacles, but also in opportunity to improve auditing procedures and establish best practices in remote auditing. This study delves into various features of remote auditing including pros and cons and summarizes the best research practices used by auditors that can be applied to such audits. Auditor skills have not remained the same the pandemic and the need to perform audits remotely has provided skills to manage both stakeholders and the audit process more effectively and efficiently in the remote environment. There is no one-size fits-all-approach to performing a successful remote audit. Traditional steps such assessing the best audit approach and methodology approach need to be combined with continuous adaptation in order to provide the value that the organizations need. Leveraging technology, building stakeholder relationships and ensuring that the evidence gathered is accurate and sufficient for the audit tests are example of best practices that can be utilized by auditors.

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