Intelligent Process Automation in Audit
Forthcoming, Journal of Emerging Technologies in Accounting, DOI: 10.2308/jeta-52653
38 Pages Posted: 18 Sep 2019 Last revised: 1 Nov 2019
Date Written: July 19, 2019
Intelligent Process Automation (IPA) achieves flexible and intelligent automation by combining Robotic Process Automation (RPA), Artificial Intelligence (AI), and other emerging technologies. This paper focuses on the utility of IPA for the audit profession. Specifically, this paper provides a framework for implementing IPA in audit engagements using the concept of audit workflow. A simple prototype based on a simulated use case is constructed to illustrate the IPA implementation framework. The potential applications of IPA in pension and inventory audits are provided, and the expected impacts of IPA on audit efficiency and effectiveness are discussed.
Keywords: Audit, Intelligent Process Automation, Robotic Process Automation, Artificial Intelligence, Audit Workflow
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