In episode 15 of FARview, we talk with Tjibbe Bosman (PhD student at the University of Amsterdam) about his paper on “Robotic Process Automation for the Extraction of Audit Information” and he explains the recent collaboration between FAR and an affiliated audit firm.
The paper on this subject presents an open-source algorithm to extract data from (draft) annual reports (PDF files) using Python to automate, rather than outsource, the data extraction for reconciliations. It was a joint project with Jeroen Bellinga, Seyit Hocuk, Wim Janssen and Alaa Khzam. Wim Janssen and Alaa Khzam developed the programming code.
Access the document Robotic Process Automation for the Extraction of Audit Information A Use Case from the American Accounting Association.
And here is the link to the programming code and manual.
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