Virtual Audit Vs. Physical Audit in UAE

Virtual vs Physical audit
September 19, 2023Dated:  | | Corporate Tax |

Virtual Audit Vs. Physical Audit in UAE

A physical audit is conducted on-site, while a virtual audit is conducted remotely. Here are some pros and cons of each type of audit:

Physical Audit:

Advantages:

  • Better visualization of the facility and operations.
  • Adaptability to changing circumstances.
  • Ability to test physical security.
  • Opportunity to meet with employees and management in person.

Disadvantages:

  • Requires travel and accommodations for the auditor.
  • May disrupt normal operations.
  • May require multiple machines to view a file

Virtual Audit:

Advantages:

  • Ease of sharing screens and documents.
  • There is no need for travel or lodging.
  • can be carried out from any location that has an internet connection.
  • Can be more efficient for document review.

Disadvantages:

  • Requires a computer with a camera, microphone, and speaker.
  • Limited ability to test physical security.
  • May not provide as clear a picture of the facility and operations.

It’s important to note that a virtual audit can be a hybrid of a physical audit, where the auditor contacts the auditee the same way they might for a physical audit and requests the same records but conducts the audit remotely. Ultimately, the choice between a physical and virtual audit will depend on the specific circumstances and needs of the audit.

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