RPA and AI as a smart assistant for auditors
RPA and AI utilized as a smart assistant for audit tasks. The new process enables robots and artificial intelligence algorithms to collaborate auditor as a smart assistant leading auditor to focus on value added audit activities.
After the auditor defines the audit scope in terms of period and location for all loans, robot collects loan information from banking system and documents that received from customer during loan sale. Robot calls notifies A.I. to detect and interpret customer signature and validness of loan documents. A.I. responds and marks suspected loan documents.
As A.I. interprets and marks the loan as suspected, robot searches more data, pick related documents. Than it uses these whole inputs to organize audit material in a standard format. Robot prepares and files this material for auditor (human) inspection.
Auditor use this audit material delivered by fully automated process to examine loans based on alerts and focus on cases which have more risks in terms of audit objectives.
Smart automation of audit tasks initiative is on live for individual loan audit since June 2020.