Evaluation of Remote Audit Implementation Based on the Perspective of Auditee Fraud Opportunities Due to the Covid-19 Pandemic
Abstract
This study aims to ascertain the auditor’s attention to the conditions of auditee fraud opportunities that arise due to the covid-19 pandemic, to discover the changes in auditors’ work practices due to the covid-19 pandemic to cause the acceleration of digital audit adoption, to understand the remote auditing implementation system in order to minimize the opportunities for fraud that occur, and to understand the evaluation of remote auditing implementation from the auditor’s perspective. A qualitative methodology is used in this investigation. Primary and secondary sources of data were employed. Senior auditors from the ABC, DEF, and GHI Public Accounting Firms were interviewed to gather primary data. An initial description of the informants was obtained using secondary material that was found online. Using interviews and documentation, data was gathered in this way. The procedures of data collecting, data reduction, data presentation, and conclusion-making are utilized in the data analysis approach. According to the study’s findings, the auditor can address the issue of potential fraud by becoming more knowledgeable about relevant topics, making critical assessments of going-concern claims, exercising professional skepticism, and developing a good audit plan. However, the auditor cannot address the issue of limited work activities without paying professional dues, which are resolved by adapting working practices to audit procedures. Remote and accelerated audit digitization, remote auditing implementation systems to reduce the possibility of fraud are implemented through the application of several procedures that are most appropriate to the client’s situation, and evaluation of remote audit implementation, which refers to rules and standards that still need to be taken into account by related parties like IAPI in order to obtain a detailed and structured system.
Keywords: fraud, technology adoption, remote audit
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