Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and Auditing
Technology development has grown rapidly in the last decades and gained importance for accounting and auditing through its identified potentials. Particularly the automation of judgment systems and systems that require human intervention, are deemed to be more relevant to confront a transformation t...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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ACRN Publishing
2020-05-01
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| Series: | ACRN Journal of Finance and Risk Perspectives |
| Subjects: | |
| Online Access: | http://www.acrn-journals.eu/resources/jofrp09g.pdf |
| _version_ | 1818577233988550656 |
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| author | Max Gotthardt Dan Koivulaakso Okyanus Paksoy Cornelius Saramo Minna Martikainen Othmar Lehner |
| author_facet | Max Gotthardt Dan Koivulaakso Okyanus Paksoy Cornelius Saramo Minna Martikainen Othmar Lehner |
| author_sort | Max Gotthardt |
| collection | DOAJ |
| description | Technology development has grown rapidly in the last decades and gained importance for accounting and auditing through its identified potentials. Particularly the automation of judgment systems and systems that require human intervention, are deemed to be more relevant to confront a transformation through Robotic Process Automation (RPA). During the continuous development, the augmentation of such systems through Artificial Intelligence (AI) presents a greenfield project with high expectations. However theoretical frameworks have not yet been elaborative and sufficient to capture how such deployments can be conducted. Addressing this research gap, this study presents a summarized overview of the transforming RPA ecosystem and indicates what challenges are critical to being confronted for a successful implementation of such systems in accounting and auditing. |
| first_indexed | 2024-12-16T06:26:40Z |
| format | Article |
| id | doaj.art-f2b8678b57964198841b003243ea53a9 |
| institution | Directory Open Access Journal |
| issn | 2305-7394 |
| language | English |
| last_indexed | 2024-12-16T06:26:40Z |
| publishDate | 2020-05-01 |
| publisher | ACRN Publishing |
| record_format | Article |
| series | ACRN Journal of Finance and Risk Perspectives |
| spelling | doaj.art-f2b8678b57964198841b003243ea53a92022-12-21T22:40:59ZengACRN PublishingACRN Journal of Finance and Risk Perspectives2305-73942020-05-01919010210.35944/jofrp.2020.9.1.007Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and AuditingMax Gotthardt0Dan Koivulaakso1Okyanus Paksoy2Cornelius Saramo3Minna Martikainen4Othmar Lehner5https://orcid.org/0000-0002-3317-9604Hanken School of Economics, Helsinki, FinlandHanken School of Economics, Helsinki, FinlandHanken School of Economics, Helsinki, FinlandHanken School of Economics, Helsinki, FinlandHanken School of Economics, Helsinki, FinlandHanken School of Economics, Helsinki, FinlandTechnology development has grown rapidly in the last decades and gained importance for accounting and auditing through its identified potentials. Particularly the automation of judgment systems and systems that require human intervention, are deemed to be more relevant to confront a transformation through Robotic Process Automation (RPA). During the continuous development, the augmentation of such systems through Artificial Intelligence (AI) presents a greenfield project with high expectations. However theoretical frameworks have not yet been elaborative and sufficient to capture how such deployments can be conducted. Addressing this research gap, this study presents a summarized overview of the transforming RPA ecosystem and indicates what challenges are critical to being confronted for a successful implementation of such systems in accounting and auditing.http://www.acrn-journals.eu/resources/jofrp09g.pdfrobotic process automationartificial intelligencefinancial technologiesaccountingauditingtechnology implementationblack box solutions |
| spellingShingle | Max Gotthardt Dan Koivulaakso Okyanus Paksoy Cornelius Saramo Minna Martikainen Othmar Lehner Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and Auditing ACRN Journal of Finance and Risk Perspectives robotic process automation artificial intelligence financial technologies accounting auditing technology implementation black box solutions |
| title | Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and Auditing |
| title_full | Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and Auditing |
| title_fullStr | Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and Auditing |
| title_full_unstemmed | Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and Auditing |
| title_short | Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and Auditing |
| title_sort | current state and challenges in the implementation of smart robotic process automation in accounting and auditing |
| topic | robotic process automation artificial intelligence financial technologies accounting auditing technology implementation black box solutions |
| url | http://www.acrn-journals.eu/resources/jofrp09g.pdf |
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