Revealing Remote Auditing Practices During The Covid-19 Pandemic

Abstract

The global economic disruption caused by the Covid-19 Pandemic can increase the prevalence of the risk of material misstatement in management's assertions in financial statements. With all the limitations that occur, the auditor needs to provide a responsive response to modify the affected audit procedures, which was originally done by visiting the client, now the auditor must conduct a remote audit. The purpose of the study was to determine the practice of remote auditing used during the Covid-19 pandemic. The research method used is qualitative research which aims to understand the pattern of remote auditing implementation in a community. While the approach used is a phenomenological approach so that it can produce an overview related to the implementation of remote auditing. The results of the study showed that in general, audit procedures during the Covid-19 pandemic remained the same, but the only difference was the tools used in the audit process. Some of the audit procedures that have changed are: cash and cash equivalents (cash count), inventory accounts, and fixed assets. The audit implementation during the pandemic will be effective and efficient if both parties, namely the auditor and the client, are responsive and communicative to each other.