What’s the Impact?
The impact of RPA for audit and control boosts productivity, saving an outstanding amount of time by streamlining report corrections and improving data accuracy. By deploying RPA, businesses can automate time-consuming, manual tasks of copying and pasting data between applications, cross-referencing data, and reconciling. With an automation implementation, auditors would have more time to prioritize value-added efforts and high-priority audits, and the organization will have increased compliance and reduced risk across the board.
When automated control testing is implemented, internal audits can analyze entire populations of data instead of samplings. This results in management having more confidence that these audit controls are operating adequately.