Audits Continue Unabated Despite COVID-19, Report Shows

By Al Barbarino (April 20, 2021, 6:59 PM EDT) -- While the COVID-19 pandemic forced compliance departments to work remotely much like other business units, a majority continued their audit work unabated, according to a report released Tuesday.

Despite the remote work, a majority of firms surveyed by compliance consultancy A-LIGN said their audits have been largely unimpacted and their compliance budgets spared.

"The pandemic changed the world in 2020," the report noted. "[But] regulations and rules didn't go away ... and compliance programs stayed strong despite global circumstances."

The survey of 218 executives across a range of 11 industries, from banking and finance, to health care and government, found that...

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