The execution phases of a remote audit is quite similar to that of a traditional audit.
With the main differences being that video conferencing will replace the interviews and documentation needs to be transferred to you through a document sharing platform..
It has become a necessity At KPMG, we continued to perform audits even during the lockdown measures by doing them in a remote way.
It requires some adjustments to your audit approach but has been proven to work..
Auditing professionals need to be detail-oriented and have patience, problem-solving, conflict resolution, and math skills.
Companies hiring for auditing jobs often offer remote, work-from-home, or hybrid work..
Companies hiring for auditing jobs often offer remote, work-from-home, or hybrid work..
Because auditors attend frequent client meetings, they often travel to company sites all over the country (and sometimes the world).
And because some auditing work can be done autonomously, auditors are also able to work remotely..
Disadvantages include a lack of available technology and the type of audit evidence that needs to be gathered.
Remote auditing, with its lack of in-person contact, raises another concern: the potential for fraud.
This potential is increased during times of disruption..
As a work from home auditor, you audit financial statements, processes, or data to ensure that they meet local and federal requirements and regulations..
During a remote audit or e-audit, an auditor performs an audit without being physically present at the site of the audited party (the auditee).
Online tools are used to share and obtain evidence, taking into account the requirements and regulations applicable to the audit..
If the Chartered Accountant is holding a Certificate of Practice and practicing in his individual capacity, he may be appointed as an auditor only as an individual.
If the Chartered Accountant is holding a Certificate of Practice and is a partner of a firm of chartered accountants, the firm may be appointed as auditor..
One way to keep auditors focused, even with the distractions of working from home, is to break audits into “sprints,” or tasks that take a week or two to complete, he adds
Traditionally, working from home audits were limited to cyber security
Our clients are looking at this more holistically, including both people and processes alongside the technology
Firms not only recognise this as the right thing to do, but they are also responding to the need to meet regulatory expectations
For support with auditing working from home, contact Sylvia Ashley to find out more about internal audit for financial services or Sue Jex for corporates
Written by Sylvia Ashley, Alan Jones and Adrian Chalcraft
\n\nHome Improvement is an American television sitcom starring Tim Allen
That aired on ABC from September 17
With 204 approx. 22-minute episodes produced spanning 8 seasons.
