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When robots report to compliance

Jaclyn Jaeger | July 2, 2018

The idea of robots being an integral part of today’s audit and compliance teams isn’t a thing of science fiction. It’s here and now.

At Compliance Week’s Technology Innovation & Compliance Summit, held June 26 in Boston, compliance officers and audit professionals gathered to discuss how data analytics—such as artificial intelligence (AI) and robotic process automation (RPA)—is advancing the role of compliance and audit, what challenges they create, and what benefits are being realized.

“Technologies around artificial intelligence exist. It’s finding the use cases and the practical applications of how that’s going to be implemented at companies to derive meaningful insights that’s the challenge,” said Scott Szalony, an audit and assurance partner at Deloitte & Touche, speaking at the Summit.

Some companies are already making strides. In a poll conducted by Compliance Week, 50 percent of respondents said they have already begun to integrate, or are well...

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