Remote Auditing
Financial Dictionary — Auditing & Assurance
Definition
Audit procedures performed without physical presence at the client's location, using technology for evidence gathering.
Detailed Explanation
Remote Auditing is performing audit work without being physically onsite by using secure technology for evidence collection, interviews, walkthroughs, and document review, while ensuring data security, reliability of evidence, and proper audit trail.
Common Uses
- Used in audit planning to understand risks and design procedures.
- Used during testing (controls/substantive) and documentation of audit evidence and conclusions.
- Used during testing (controls/substantive) and documentation of audit evidence and conclusions.
Practical Example
- Example: The auditor references **Remote Auditing** when designing procedures and documenting conclusions in the audit file.
Why This Term Matters
- Why it matters: Supports high-quality, defensible audit conclusions and helps detect material misstatements and control weaknesses.