IMPACT OF ROBOTIC PROCESS AUTOMATION IN

INTERNAL AUDITING OF SELECTED RETAIL ENTERPRISES

IN SAN PEDRO CITY, LAGUNA

Independent Variable: Impact of Robotic Process Automation

Dependent Variables: Internal Auditing of Selected Merchandising Enterprises

Presented by:

CUBILLA, Rubieneth May O.

DIANG, Ricky Mib B.

RUBIO, Mellanie Rose G.

SPCBA RESEARCH CENTER

Background of the Study

Auditing plays a major role in the administration of most companies and has been

widely diverse, both in-depth and critically, to aid all aspects of management in

ensuring that financial resources are adequately handled and accounted for, both

internally and externally. Independent assurance and consultancy practices are best

defined as internal auditing intended to add value and enhance company operations.

Moreover, to achieve its goals by adopting a comprehensive, structured approach to

evaluating and enhancing the efficacy of risk assessment, control, and governance

processes. Over the past years, internal auditing has undergone drastic changes that

have expanded its scope in a way that provides contributions to the organization it

serves. These changes are partly influenced by the arising growth of the

improvement of technology as time passes by.

In today's generation, science has developed technological advancement such

computer and are created to process and store various information, commands and

programs. It is also used in accounting to process documents, as it acts faster and

more reliable work than an accountant. In the past, most accounting processes were

performed manually or with the limited uses of computers for just book-keeping.

While Information and Communication Technology (ICTs) have been developed,

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technologies such as Artificial Intelligence (AI), Cloud, and Big Data have been

extensively and effectively utilized in accounting processes. (Yoon, 2020) One of the

technologies used mainly in terms of accounting is Robotic Process Automation

(RPA). It is a kind of computer software that apprehends and interprets existing

applications to process transactions, manipulate data, and communicate with other

digital systems. For this study, RPA is used as an automatic setup of the procedure

and work, promoting work efficiency.

Much of the audit evidence comes from several sources and can be burdensome for

auditors to collect. The Robotic Process Automation can streamline audit evidence

collection and potentially planning tasks by taking structured data and incorporating

it from different sources into one audit work paper. As a result, RPA can conduct

audit evaluations that have been preprogrammed in other software systems, such as

Excel or Case Ware IDEA (Moffitt et al.). In this manner, RPA can help auditors

achieve near end-to-end audit process automation. Moreover, the researchers study

the impact of Robotic Process Automation in the Internal Auditing of Selected Retail

Enterprises in San Pedro City, Laguna.

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