Robotic Process Automation in Public Accounting

Cooper, Lauren; Holderness, Kip; Sorensen, Trevor; Wood, David А.

doi:10.2139/ssrn.3193222

Cited by 32 publications

(47 citation statements)

References 24 publications

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“…Our results also offer opportunities for future research. While our setting focuses on managers' ability to engage in self-serving behavior in an industry setting, IAs will be adopted and deployed across tax, assurance, and advisory service lines (Cooper et al 2019 Type: Agent type coded as 1 = Human agent, 2 = Intelligent agent Autonomy: Agent autonomy coded as 1 = More autonomous, 2 = Less autonomous Control: Average of two questions: "I expect Bob to always follow orders" and "I expect that Bob will always follow instructions" both measured on 7-point Likert scales anchored at 1 = Completely disagree and 7 = Completely agree.…”

Section: Discussionmentioning

confidence: 99%

The Attenuating Effect of Intelligent Agents and Agent Autonomy on Managers' Ability to Diffuse Responsibility for and Engage in Earnings Management

Kipp

Curtis

2020

Accounting Horizons

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Advances in IT suggest that computerized intelligent agents (IAs) may soon occupy many roles that presently employ human agents. A significant concern is the ethical conduct of those who use IAs, including their possible utilization by managers to engage in earnings management. We investigate how financial reporting decisions are affected when they are supported by the work of an IA versus a human agent, with varying autonomy. In an experiment with experienced managers, we vary agent type (human vs. IA) and autonomy (more vs. less), finding that managers engage in less aggressive financial reporting decisions with IAs than with human agents, and engage in less aggressive reporting decisions with less autonomous agents than with more autonomous agents. Managers' perception of control over their agent and ability to diffuse their own responsibility for financial reporting decisions explain the effect of agent type and autonomy on managers' financial reporting decisions. Results imply the adoption of computerized intelligent agents can attenuate managers' earnings management activity by preventing them from placing responsibility for their actions on others.

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Section: Discussionmentioning

confidence: 99%

The Attenuating Effect of Intelligent Agents and Agent Autonomy on Managers' Ability to Diffuse Responsibility for and Engage in Earnings Management

Kipp

Curtis

2020

Accounting Horizons

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“…RPA is gradually entering a state of maturity (Anagnoste, 2018b;Šimek and Šperka, 2019b). The application of this technology has increased dramatically in recent years (Cooper et al, 2019). The number of scientific publications on using this technology is growing (Šimek and Šperka, 2019a).…”

Section: The Interrelationship Between Process Management and Robotic Process Automationmentioning

confidence: 99%

Process Management and Robotic Process Automation: The Insights from Systematic Literature Review

Stravinskienė

Serafinas

2021

Management of Organizations: Systematic Research

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During the Fourth Industrial Revolution, the digital transformation revolutionised both individual organisations and entire industries. One such advanced technology is Robotic Process Automation (RPA). However, organisations do not always make the progress by using the RPA to increase the efficiency of their business processes. The scientific sources lack the synthesis of Process Management (PM) and RPA and insights into their interrelationship. This article aims to fill the gap in the systematic analysis of interrelations between PM and RPA from a managerial perspective by identifying less researched areas and formulating insights and recommendations for future research.

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“…The Big Four are searching for people having, besides accounting and auditing knowledge, analytical skills and computer programming experience (Cooper et al, 2018). Ernst & Young defined the "accounting plus" skills framework, including knowledge of techniques such as: analytic modelling; data visualization; intelligent process automation; Watson and deep learning methodology; blockchain and smart contracts; and cybersecurity (Ernst & Young, 2018).…”

Section: New Technology Skills For Accountingmentioning

confidence: 99%

New coordinates of accounting academic education. A Romanian insight

Stanciu¹,

Gheorghe²

2020

JAMIS

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Research question: Are accounting graduates prepared to face IT developments in their profession? Motivation: The accounting profession is facing a rapid transformation involving digital technology that implies significant changes. "Modern accountants are expected to have a high level of IT knowledge and skills and towards that direction the curriculum in accounting education have to adopt a wide range of modules in order to provide accounting students with the required competencies" (El-Damarleh, 2017: 202). Today's students are digital natives and they "think and process information fundamentally differently from their predecessors" (Prensky, 2001: 1). Academic education needs to adapt to the language of digital natives and provide them with new skills and the knowledge required by the profession. Idea: We aim to investigate the awareness of bachelor students in accounting regarding the impact of IT on accounting processes and their preparedness in this regard. Tools: Data was collected using a multiple-choice questionnaire distributed to third-year and master's accounting students at the Bucharest University of Economic Studies. Data was analyzed using Excel. Findings: The students are aware of the importance of the new technologies and applications relevant to the profession, but their knowledge needs to be improved. The current curriculum does not include important aspects of the new digital technology that are already embedded or being assimilated within the accounting profession. Contribution: The paper provides recommendations regarding accounting academic education, providing arguments for developing IT-related competencies for accounting students aiming to align their knowledge and skills to current and future professional requirements. The conclusions emphasize the need

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Robotic Process Automation in Public Accounting

Cited by 32 publications

References 24 publications

The Attenuating Effect of Intelligent Agents and Agent Autonomy on Managers' Ability to Diffuse Responsibility for and Engage in Earnings Management

The Attenuating Effect of Intelligent Agents and Agent Autonomy on Managers' Ability to Diffuse Responsibility for and Engage in Earnings Management

Process Management and Robotic Process Automation: The Insights from Systematic Literature Review

New coordinates of accounting academic education. A Romanian insight

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