A Study on Covid-19’s Impact on Auditing Processes and the Future of the Profession

As Covid-19 continues to create issues for traditional work models, many industries have had to adapt to the health & safety restrictions brought forth by local governments. In many industries, these disruptions accelerated the implementation of technologies to reduce the reliance on working in person. The remote work revolution during the first quarter of 2020 highlighted an important topic to investigate. Whether the auditing profession has been successful in adjusting to this drastic change. The audit process is very thorough, requires collaboration, and most notably, usually occurs in the physical offices of the audit client. This report focuses on understanding how the Covid-19 pandemic has impacted the industry, what has changed, how they’re performing their duties, and what the industry will look like moving forward. This report draws on a North American lens to portray events, findings, and recommendations.