Robotic Process Automation in Audit and Accounting

Nowadays, Information Technology (IT) is part of virtually every business, and companies that cannot keep the pace with new technologies will disappear over time. Due to their nature of specific activities and exceeding other areas, professional accounting and auditing services can improve their per...

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Format: Article
Language:English
Published: Chamber of Financial Auditors of Romania 2020-10-01
Series:Audit Financiar
Subjects:
Online Access: http://revista.cafr.ro/temp/Article_9652.pdf
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collection DOAJ
description Nowadays, Information Technology (IT) is part of virtually every business, and companies that cannot keep the pace with new technologies will disappear over time. Due to their nature of specific activities and exceeding other areas, professional accounting and auditing services can improve their performance through Robotic Process Automation (RPA). Furthermore, RPA can contribute to increasing the credibility of the accounting profession, as well as streamlining the activity in order to comply with the requirements imposed by professional standards but with much lower costs. This study is based on a review of the literature and through an exploratory approach opens a discussion on the concept of RPA and customises it in the field of professional accounting services by analysing robotics models specific to accounting and audit.
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spelling doaj.art-e88c1b305a9a435dab07be0384526c922022-12-21T23:39:42ZengChamber of Financial Auditors of RomaniaAudit Financiar1844-88012020-10-011816075277010.20869/AUDITF/2020/160/7529652Robotic Process Automation in Audit and AccountingNowadays, Information Technology (IT) is part of virtually every business, and companies that cannot keep the pace with new technologies will disappear over time. Due to their nature of specific activities and exceeding other areas, professional accounting and auditing services can improve their performance through Robotic Process Automation (RPA). Furthermore, RPA can contribute to increasing the credibility of the accounting profession, as well as streamlining the activity in order to comply with the requirements imposed by professional standards but with much lower costs. This study is based on a review of the literature and through an exploratory approach opens a discussion on the concept of RPA and customises it in the field of professional accounting services by analysing robotics models specific to accounting and audit. http://revista.cafr.ro/temp/Article_9652.pdf rpa; audit; accounting; accounting profession
spellingShingle Robotic Process Automation in Audit and Accounting
Audit Financiar
rpa; audit; accounting; accounting profession
title Robotic Process Automation in Audit and Accounting
title_full Robotic Process Automation in Audit and Accounting
title_fullStr Robotic Process Automation in Audit and Accounting
title_full_unstemmed Robotic Process Automation in Audit and Accounting
title_short Robotic Process Automation in Audit and Accounting
title_sort robotic process automation in audit and accounting
topic rpa; audit; accounting; accounting profession
url http://revista.cafr.ro/temp/Article_9652.pdf