ICAEW.com works better with JavaScript enabled.

Almost Human

Matthew Campbell considers the implications of robotic process automation for financial statement audit.

The finance function is a key opportunity for organisations to use robotic process automation (RPA) to reduce costs and increase efficiency by adding a robotics layer – which simulates human activity – on top of existing enterprise resource planning (ERP) software.

This makes robotics attractive to organisations using ‘rigid’ ERP software, as financial processes can often be clunky and difficult to change, giving rise to wasteful workarounds, or a reluctant acceptance that the cost of change is too great (and risky) to streamline a process.

Find out more

Members of the Audit and Assurance Faculty, International Standards and subscribers to Faculties Online

Non-Members

To read the complete article, subscribe to Faculties Online or join the Audit and Assurance Faculty and get access to this article in full, plus all future publications, events, webinars and services.