This report advocates for a shift from traditional to continuous auditing, emphasizing the efficiency and quality gains of virtual audits. Unlike remote audits, virtual audits offer auditors secure, read-only access to systems, minimizing client data requests and reducing delays. Continuous audits spread tasks across the fiscal year, avoiding last-minute crunches and supporting higher-quality outcomes. Technology enables remote collaboration, reduces on-site visits, and improves working conditions—making auditing more appealing to new talent. Despite clear benefits, adoption lags due to low tech proficiency among finance professionals. Ventana predicts over half of organizations will adopt virtual audits by 2026.

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