Remote Audit: A Research Framework

25 Pages Posted: 31 Aug 2010 Last revised: 13 Sep 2010

Ryan Teeter

Rutgers, The State University of New Jersey

Michael Alles

Rutgers Business School

Miklos A. Vasarhelyi

Rutgers Business School

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Date Written: September 4, 2010

Abstract

Audit practitioners have been progressively adopting communications and analytic technology to extend the scope, change the timing, and reduce the costs of audit processes. These efforts have been mainly ad hoc, lacking an integrative theoretical positioning. This paper redefines the concept of the “remote audit” as the process by which internal auditors couple information and communication technology (ICT) with analytical procedures to gather electronic evidence, interact with the auditee, and report on the accuracy of financial data and internal controls, independent of the physical location of the auditor. Building on research on virtual teams and an analysis of internal audit activities, we present a research framework identifying areas where ICT and automated audit analytics enable auditors to work remotely, reduce travel costs and latency, and increase efficiency and coverage.

Keywords: Audit Innovation, Remote Audit, Continuous Auditing, Internal Auditing, Communication, Evidence, Virtual Teams

Suggested Citation

Teeter, Ryan and Alles, Michael and Vasarhelyi, Miklos A., Remote Audit: A Research Framework (September 4, 2010). Available at SSRN: https://ssrn.com/abstract=1668638 or http://dx.doi.org/10.2139/ssrn.1668638

Ryan Anthony Teeter (Contact Author)

Rutgers, The State University of New Jersey ( email )

311 North 5th Street
New Brunswick, NJ 08854
United States

Michael Gamini Alles

Rutgers Business School ( email )

One Washington Place
Room 928
Newark, NJ 07102
United States
973-353-5352 (Phone)
973-353-1283 (Fax)

Miklos A. Vasarhelyi

Rutgers Business School ( email )

180 University Avenue
Ackerson Hall, Room 315
Newark, NJ 07102
United States
973-353-5002 (Phone)
973-353-1283 (Fax)

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