Advancements in technology and digitization have expedited and eased the audit process. Auditors and clients separated by geography can now connect online and remove long hours spent rummaging through file boxes on premises.
Remote audits offer flexibility, but they also carry risks. A hybrid approach to audits can possibly help mitigate those risks.
“Historically, we would be at the client’s site,” said Sara Lord, CPA, chief auditor at RSM US in Minneapolis. But now, “I don’t need to be sitting