The CPA profession has been hearing a lot about Robotic Process Automation (RPA), a software technology that can help auditors sift through structured data. But RPA can only do so much. Abigail Zhang, a PhD student in the Department of Accounting and Information Systems at Rutgers Business School, explains why auditors should also consider Intelligent Process Automation (IPA).
What is IPA?
Intelligent Process Automation (IPA) includes:
- Robotic Process Automation (RPA)
- Artificial Intelligence (AI)
- Cognitive Computing (CC)
- Other technologies