Audit Staff Training for New Senior Accountants—Part 8, Common Remote Auditing Procedures for Engagement Efficiency 

CPE Credit: 2 hours

The COVID-19 pandemic forced many CPA firms into the strategies and plans for performing audits remotely, much of which remains as the audit process of the future. New in-charge accountants can be the catalyst for advancing remote auditing issues in CPA firms.

Here are the topics in these materials focusing on handling smaller audits remotely:
1. Using AU-C 210, Terms of Engagement, to initially discuss and determine reporting entity compliance with governmental guidelines, effects of guidelines on operations, and potential going concern auditing and reporting issues.
2. Designing overall remote auditing applications, communication and related data transmission.
3. Modifying “presence-required procedures” for remote application in difficult audit areas.
4. Maximizing efficiency by abandoning tradition and planning specific “hands off” auditing procedures.
5. Preparing documentation on smaller audits for demonstrating sufficient, competent evidence, as well as documentation of related security for remotely performed procedures.
6. Utilizing practical, cost-beneficial technological remote applications.
7. Learning to effectively manage the remote work of engagement team members.