Remote Auditing for Small and Medium-sized Entities

Date: 4/11/2025
Time: 12:00 PM - 2:00 PM EST
CPE Credit: 2 hours

The coronavirus pandemic caused paradigm shifts that forced some CPA firms into the strategies and plans for performing audits remotely, much of which will remain as the audit process of the future. These materials focus on such strategies and plans for remote auditing now and in the future.

Here are the topics in these materials focusing on handling 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 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.