As the COVID-19 virus spreads, CPA firms are working to identify unique and innovative ways to ensure staff follow auditing standards while working remotely. This can present a challenge especially when organization employees are spread out in various locations and also working remotely. The ability to make requests, access information, conduct interviews and review documents all create challenges when ensuring the audit work follows audit standards and best practices.

The challenges faced by CPA firms in some respects can be unique due to the sensitivity and importance of financial reporting as well as internal controls over financial reporting. This extends from efforts such as examining accounting processes that may need extra attention to adequately performing internal control risks assessments and maintaining strong documentation practices. It also extends to the potential increased risk for fraud due to the changing economic landscape.

Who Should Attend:
- CPA firm staff, management and partners.
- Organizational client management who need to understand the requirements of an effective audit.

Learning Objectives
  • Identify and understand the challenges and benefits of remote auditing.
  • Recognize audit and accounting standard requirements for conducting an audit.
  • Identify the methods for firm practice management and ensuring quality measures are followed during remote work situations.
  • Recognize and evaluate methods to properly communicate with clients including methods for obtaining and sharing information in a safe manner.
Last updated/reviewed: March 14, 2024
28 Reviews (111 ratings)

Reviews

5
Anonymous Author
Great course with plenty of useful information pertaining to challenges auditors can face performing remote audits. Some of information is obvious, however some are great talking points since these challenges are presented due to pandemic.

4
Anonymous Author
I enjoyed this course because of its efficiency in allowing to go at a self-paced. As a junior auditor, it has been very informative and helpful since majority of my learning experience as an entry-level auditor has been working remotely.

4
Anonymous Author
This course outlines some of the problems that auditors are facing due to COVID19 restrictions. It also reflects an outdated governance of our industry as technology increases efficiency in other industries.

5
Member's Profile
The outline of the course is clear and the content is well delivered. I would recommend that you expand on conducting remote inventory count observations which is a highly interesting topic.

5
Anonymous Author
This was certainly a timely course given the ongoing remote work environment. This course is helpful for both internal and external auditors who are trying to conduct remote audits.

4
Anonymous Author
Great course about the benefits and drawbacks of remote audits, along with guidnace available from standards set by professional organizations. Practical examples are helpful.

5
Anonymous Author
very informative, the course helps keep an inquisitive mind and open flags on what to look for during remote audits, which have become the new normal.

4
Anonymous Author
Overall, good course. I like that it goes in slowly and breaks it up for better understanding. Not much dislikes since it is mainly self learning.

5
Member's Profile
Very helpful course especially taking into consideration the current situation. Benefits and challenges of remote audits are very well outlined.

5
Member's Profile
This course provides timely and helpful information regarding the benefits, challenges, and things to consider while performing remote audits.

4
Anonymous Author
Great presentation of the challenges and considerations that auditors must address and be aware of in this new audit environment.

4
Anonymous Author
this was a great module considering the times we are currently in. I can relate to almost everything that was mentioned here.

5
Anonymous Author
Well presented, with lots of great information. May want to put some time in reviewing slides for poor grammar, though.

4
Anonymous Author
This is a great course and very comprehensive. The topics are well organized and the speaker is very knowledgeable.

5
Anonymous Author
This is a great course and very comprehensive. The topics are well organized and the speaker is very knowledgeable.

4
Anonymous Author
very relevant to actual events encountered or needing be address in the audits in this time of the pandemic

5
Anonymous Author
This course provides valuable insight into effective planning and execution of audits during a pandemic.

4
Member's Profile
Good training and compilation of the main challenges auditors are facing when working remotely.

5
Member's Profile
Thank you, this was a very good area of study and review of some basic auditing themes.

5
Anonymous Author
While downloading the slide deck noticed the slides on communication were missing.

5
Anonymous Author
Great overview of the issue, covers a wide range of topics and areas of concern.

5
Anonymous Author
It is a very informative course; it will definitely assist with my current job.

5
Member's Profile
Very informative course. Also provides a good overview of the audit procedures.

5
Member's Profile
Great course. Informative, concise and to the point. Would recommend

4
Anonymous Author
Very timely, good overview on remote auditing in the time of COVID.

5
Anonymous Author
It was a very informative course considering the COVID pandemic.

5
Anonymous Author
Content was well explained and great examples were shared.

4
Member's Profile
Great oversight provided of auditing remotely. Thank you!

Prerequisites
Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Conducting Remote Audits3:22
  Remote Audit Definition2:19
  Benefits and Challenges8:35
  Accounting Standard Requirements14:21
  Inventories3:44
  Other Challenges7:22
  Going Concern4:22
  Subsequent Events4:05
  Fraud Risk and Other Services5:00
  Summary1:26
CONTINUOUS PLAY
  Conducting Remote Audits54:36
SUPPORTING MATERIAL
  Slides: Conducting Remote AuditsPDF
  Conducting Remote Audits Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam