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CPE Self-Study
How Robotic Process Automation (RPA) Can Be Used in an Audit
NASBA FIELD OF STUDY
Information Technology
LEVEL
Basic
CPE CREDITS
Online: 2.0
Spotlights examples of RPA in audit planning and reporting on and completing an audit.

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Product details

Understand the impact of RPA.

Who Will Benefit?

  • Non-IT finance professionals, CFOs, controllers, management accountants, public accountants, partners, staff, managers, internal auditors, and business process owners who are considering the implementation of RPA within their organization or want to explore RPA as a specialization, individually or as a firm.

Key Topics

  • RPA versus legacy management systems, including benefits of RPA and steps to redesign a process
  • How to audit a client's RPA
  • How to audit clients using RPA, including steps for implementing - RPA in your engagement, and RPA in audit planning, internal controls and substantive testing, and reporting and completing an audit

Learning Objectives

  • Differentiate between RPA and legacy management systems.
  • Indicate how to audit a client's RPA.
  • Indicate how to use RPA in an audit engagement.

This self-study online course is part of the Robotic Process Automation Fundamentals for Accounting and Finance Professionals Certificate. You must purchase the program bundle to earn the digital badge. Click here to learn more.

This CPE course covers examples of RPA in audit planning, internal control testing and substantive procedures, and reporting on and completing an audit. You will learn the difference between RPA and legacy management systems, how to audit a client's RPA, as well as how to audit clients who use RPA. The course also covers RPA, artificial intelligence, IPA, and automation continuum, to ensure you understand the differences between RPA and IPA, the impact of RPA on an audit, and future trends in automation.

Ultimately, you will gain a foundational understanding of RPA, its implications and how its application and uses can benefit your clients' business. Once you complete this course, you will be able to add value to your organization, create new opportunities and stand out as someone who is committed to emerging technology.

Ratings and reviews
Author(s)

Abigail Zhang

Chanyuan (Abigail) Zhang is a PhD candidate in the Accounting Information System department at Rutgers Business School. Her research addresses the impacts of emerging technologies, especially Robotic Process Automation (RPA), Artificial Intelligence (AI), and Intelligent Process Automation (IPA), on auditing. She has been working with several medium sized public accounting firms to build prototypes of implementing RPA in some of their audit procedures. In her working paper “Intelligent Process Automation in Audit�, which has been presented in the Strategic and Emerging Technologies (SET) workshop in the 2018 American Accounting Association (AAA) annual meeting, three frameworks are constructed to guide the implementation of IPA in the future of audit. Currently she is also a part time lecturer at Rutgers Business School.

Andrea Rozario

Andrea M. Rozario is a PhD Candidate in Accounting Information Systems at Rutgers, the State University of New Jersey, USA. She is a licensed CPA in the state of New Jersey and has worked for one of the "Big Four", as well as a large healthcare company. Andrea has instructed lectures on audit data analytics to the PCAOB. Her research focuses on using disruptive technologies and social media information to enhance audit quality. She has written and presented papers in the areas of Audit Analytics, Blockchain, Robotic Process Automation, and Big Data.

Miklos Vasarhelyi

Ph.D in MIS (UCLA) MBA (MIT) and BS in Economics and Electrical Engineering (the State University of Guanabara and Catholic University of Rio de Janeiro

Professor Vasarhelyi is currently the KPMG Distinguished Professor of Accounting Information Systems and Director of the Rutgers Accounting Research Center (RARC) & Continuous Auditing and Reporting Laboratory (CARLAB) at Rutgers University. He has published more than 200 journal articles,20 books, and directed over 45 PhD theses. He is the editor of the Artificial Intelligence in Accounting and Auditing series and the Journal of Emerging Technologies in Accounting. Professor Vasarhelyi has taught executive programs on electronic commerce to many large international organizations including GE, J&J, Eli Lilly, Baxter, ADL, Volvo, Siemens, Chase Bank, and AT&T. Professor Vasarhelyi is credited with the original continuous audit application and as the leading researcher in this field. The CAR Lab’s projects include among others AICPA’s Radar, Siemens, KPMG, P&G, AICPA, CA Technologies, and Itau-Unibanco. Prof. Vasarhelyi has been awarded the Outstanding Educator of the year by the AAA in 2014 and the Wasserman award by ISACA in 2013.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$99.00
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Estimated total:
$99.00
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CREDIT INFO
CPE credits
Online
: 2.0
NASBA Field of Study
Information Technology
Level
Basic
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
RPAAA
GROUP PRICING
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