In their recent study, Yueqi Li, Sanjay Goel, and Kevin Williams delve into the profound impact of remote auditing on the audit profession. First published in February 2023, their research provides a comprehensive analysis of how the shift from traditional on-site audits to remote audits has affected audit quality, efficiency, and auditors‘ job satisfaction.
Key findings of the study indicate that remote auditing significantly enhances audit efficiency. Factors like auditors‘ flexibility in managing competencies and a conducive physical work environment play a crucial role in improving both the quality and efficiency of remote audits. Additionally, the study finds that sufficient organizational support is pivotal in enhancing both audit quality and efficiency in a remote setting.
The research also addresses various challenges and adaptations in the remote auditing landscape, such as the increased reliance on technology and the need for effective communication and leadership styles. The findings offer valuable insights for audit firms and regulators in optimizing remote audit practices and supporting auditors in this new digital era. This study marks a significant contribution to the evolving field of audit practices, highlighting the need for adaptability and support in remote work environments.
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