Keywords

remote audit, internal auditing, COVID-19

Abstract

As in-person audits were banned by governments and by company policies due to the COVID-19 pandemic, internal auditors had to transition to remote audits to perform their work. Based on survey responses of internal auditors who have conducted both remote and in-person audits, we find that internal auditors perceive no difference in the efficiency and effectiveness of and stakeholders’ reliance on results from remote and in-person audits when considering all responses. However, we also find that perceived efficiency and effectiveness increase the more experience internal auditors have with remote audits. Supplemental analyses show that support from the auditee, but not management or the audit committee, is a central determinant of perceived remote audit success. It is important for internal auditors to consider this later finding in the design of remote audits as it indicates the importance of building support with the auditee to have a successful remote auditing experience.

Original Publication Citation

Eulerich, M., M. Wagener, and D. A. Wood. 2022. Evidence on internal audit effectiveness from transitioning to remote audits because of COVID-19. Journal of Information Systems, 36 (3): 219-234. DOI: 10.2308/ISYS-2021-021.

Document Type

Peer-Reviewed Article

Publication Date

2022

Publisher

Journal of Information Systems

Language

English

College

Marriott School of Business

Department

Accountancy

University Standing at Time of Publication

Full Professor

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Accounting Commons

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