Robotic Process Automation: Internal Controls over Financial Reporting (ICFR) Considerations Webinar (1 Hour)

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Robotic Process Automation: Internal Controls over Financial Reporting (ICFR) Considerations Webinar (1 Hour)

CPE Credit: 1 Hours

Price: $99.00

NASBA Field of Study: Accounting



Companies are rapidly digitalizing parts of their business through Robotic Process Automation (RPA). Although RPA may reduce unintentional or intentional human errors, the implementation of robots presents new risks that businesses need to understand and address. During this webinar, we will discuss a key risk presented by the rapid adoption of robots—an organization’s failure to consider the effects of these operational changes on its Internal Control over Financial Reporting (ICFR), specifically those controls over IT and the potential impact on the value created by this automation arbitrage.


•  How is Intelligent Automation Evolving?

•  The Expanding Digital Workforce

•  What is RPA Software?
   – How RPA fits into ICFR
      – Uses and hotspots
      – Applications, implications and risks for:
         – Auditing
         – Controls, governance and compliance
         – Security
      – Implementation and cyber processes
      – Audit efficiency
        – Financial controls
        – Analytics
        – Business management support

•  RPA Use Case
  – Goals and objectives
      – Cost savings
      – Speed to market
      – Quality
      – Efficiency
   – SOX controls
   – Consistent services
   – Multinational deployment
   – Software and managed service agreement
   – Challenges
      – Complexity of existing process
      – Inconsistent processes across regions
      – Different languages
      – Security considerations
   – Lessons learned for success

•  ICFR Functional Resource Allocation

•  Managing Risk & Control over Bots

•  Key Control Questions within an RPA Environment—Understanding the Robotic Function & Cyber


LEARNING OBJECTIVE  This session will focus on the impact that Robotic Process Automation will have on a company’s Internal Control
over Financial Reporting.

DELIVERY METHOD  Group Internet-Based.



Mark Johnson, Senior Manager, Ernst & Young LLP

James Matcher, Advisory Principal, Intelligent Automation, Ernst & Young LLP

Jeff Tannenbaum, Vice President, IT Compliance, Laureate International



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