Current State and Challenges in the Implementation of Smart Robotic Process Automation in Accounting and Auditing

Max Gotthardt, Dan Koivulaakso, Okyanus Paksoy, Cornelius Saramo, Minna Martikainen, Othmar Lehner

Research output: Contribution to journalArticleScientificpeer-review

Abstract

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
Original languageEnglish
Peer-reviewed scientific journalACRN Journal of Finance and Risk Perspectives
Volume9
Issue number1
Pages (from-to)90-102
ISSN2305-7394
DOIs
Publication statusPublished - 27.05.2020
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • Robotic Process Automation
  • Artificial Intelligence
  • Financial technologies
  • Accounting
  • Auditing
  • Technology implementation
  • Black Box Solutions

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