Meeting the challenge of remote auditing
Travel restrictions, virtual attendance, screen sharing, scanned documents – PwC’s Geoff Swales looks at ways to manage the challenge of remote auditing in a COVID-19 world.
The COVID-19 pandemic has changed the way that many entities carry out business, and there have been changes to how auditors undertake their audit. But it has not changed the basic requirements of auditing standards. Auditors are still required to obtain sufficient appropriate audit evidence.
The Financial Reporting Council (FRC) reinforced this in their COVID-19 Bulletin March 2020. This bulletin explained that where there are restrictions on travel, movement and visiting client sites, it may mean that the audit work cannot be carried out as planned, and auditors need to think about whether there are other ways to obtain sufficient and appropriate audit evidence.
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