Focus & Features
The COVID-19 crisis has compelled most organizations to adapt quickly to new ways of doing things, and extraordinary times require extraordinary leadership. Internal Auditors now faces the challenge on how we can deliver audit results as embodied in our annual audit plan.
With shelter-in-place orders and social distancing currently in effect, remote audits offer a way to protect your staff and your auditors while fulfilling your audit requirement.
Remote audits are a valid tool as part of a larger internal audit program, while they do not typically save time on the actual audit, they can save travel time and costs for an organization. They can also be more flexible with the committed audit team time (Auditor and Auditee).
The main objectives of this training are as follows:
- Identify the considerations in conducting remote audit
- Differentiate onsite (face to face audit) vs. remote audit
- Understand how to plan, lead, conduct and properly document a remote audit
- Understand the risks and potential pitfalls of remote audit
- Determine the advantages and limitations of remote audit
Through team exercises, group discussions, case studies and lectures, attendees will gain a foundation of knowledge that will allow Internal Auditors to perform remote audits properly. A basic understanding of the roles of risks and internal controls will also be stressed, along with interpersonal and team-building skills.
What You Will Learn
I. Introduction to Remote Auditing
II. Key Considerations in Remote Audit
- Risk Assessment
- Use of information and communication technology
III. Planning Remote Audit Engagement
- Audit Tools
- Auditor's Competence and Skills
- Remote audit vs. Onsite (Face to Face) audits
IV. Conducting Remote Audit
- Document Review
- Site Reconnaissance
- Remote interviews
- Working Paper review remotely with use of CAATS
V. Communicating Audit Results
- Closing Meeting
- Findings and Action Plan
VI. Lessons Learned: Advantages and Limitations of Remote Auditing
VII. Case Studies/ Exercises
VIII. Seminar Conclusion
- Plan for Action