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Internal Audit Considerations in Creating an RPA Program

March 10, 2021 12:00 pm

An expert look at how internal audit programs are leveraging RPA and the challenges they are overcoming

Robotic Process Automation (RPA) is the latest frontier in the quest to automate business processes. Forward-thinking companies are implementing bots throughout their organizations – from finance to marketing to human resources.  But this rush to automate has left Internal Audit scrambling to answer one large, fundamental question: How have these changes impacted the company’s risk profile?

Like any new technology, RPA carries the potential of introducing a host of new risks into the organization. There are privacy and security risks (complicated even further if the bot is processing PII), there are access management risks, there are regulatory challenges, and there are data governance concerns. There are also “doomsday” scenarios – if a bot is misconfigured, a potential error could be replicated thousands of times, or hundreds of thousands of times, in a single day.

Watch this session to see leaders from Focal Point and Auxis, along with Rene Herrera, Director of IT Audit and Internal Audit at Office Depot, outline how Internal Auditors are wrestling with RPA and the strategies they’re using to offer visibility into RPA risk.

Key Topics for Discussion

  • General approaches for incorporating RPA reviews into your annual audit plan
  • The keys to successfully auditing a distributed RPA program
  • The biggest risks introduced by RPA, and strategies for risk mitigation