Role of RPA in Intelligent Auditing

Abstract

The age of automation has arrived, bringing with it new possibilities for incorporating innovative technologies into IT Audit functions. Various organisations, both major and little, have already started their work by taking a voyage into the world of automation. Departments, which have long been plagued by manual processes and tiresome duties, may now delegate most of the “grunt work” to digital employees who don’t mind working long hours and repeating tasks. The practise of reviewing and assessing an organisation's IT infrastructure, policies, and processes is known as IT auditing. When it comes to auditing especially in the field of Information security, the auditors must go through various monotonous tasks of obtaining details of various workstations and creating checklists, so as to produce findings or artifacts as evidence for an organisation's compliance with a standard. This chapter will present the concept of robotic process automation (RPA) and its effect on the domains of accounting and auditing, with a focus on the necessity for Intelligent Auditing. An explanation of how intelligent audits is done in light of numerous data and security issues, as well as an overview of automation and AI in finance and auditing. Finally, consider how Intelligent Auditing may be expanded with the help of RPA in the future.