Conducting a Remote Audit - Virginia Society of CPAs

Overview

Auditing for today’s world

Remoting auditing is happening everywhere you turn. Understanding the considerations for a remote audit and the specific techniques for performing the engagement will help you integrate remote auditing into your practice.

You will learn how to:

Leverage the benefits of remote auditing

Manage the team, client, and audit process remotely

Identify engagement-wide procedures from client acceptance through report issuance when remote auditing

Identify and obtain audit evidence for generally material accounts

Highlights

Benefits of remote auditing

How to manage the team, the client, and the audit process remotely

Engagement-wide procedures, from client acceptance through report issuance when remote auditing

Narrow-topic considerations when remote auditing

Prerequisites

None

Designed For

Auditors

Objectives

Identify why remote auditing has become an important skill.
Recall the general characteristics of a remote audit.
Identify techniques for managing your team, the client, and the remote audit process.
Identify the considerations for engagement-wide audit procedures, including client acceptance, risk assessment, fraud, and documentation.
Recall the considerations for obtaining and using audit evidence and for professional skepticism when conducting a remote audit.
Identify general considerations for auditing significant asset and liability accounts.
Identify techniques that can be used in remote walk-throughs and controls testing.
Recall techniques to effectively perform inventory procedures when conducting a remote audit.