Process Automation and Financial Reporting Integrity: A Conceptual Governance Model
Abstract
The growing adoption of process automation technologies such as robotic process automation (RPA), artificial intelligence (AI), and machine learning (ML) has transformed the landscape of corporate financial reporting. While automation enhances efficiency, accuracy, and timeliness, it also introduces governance challenges related to accountability, data integrity, and ethical oversight. This paper presents a conceptual governance model that integrates process automation with financial reporting integrity principles. It explores how automated workflows can align with internal control frameworks such as COSO and COBIT, ensuring compliance with financial regulations like IFRS and SOX. The model emphasizes transparency, auditability, and real-time risk monitoring as core components of automated financial ecosystems. Furthermore, it identifies potential vulnerabilities including algorithmic bias, data manipulation risks, and reduced human oversight. By bridging governance theory and technological innovation, this study proposes a structured model that balances automation efficiency with regulatory compliance and ethical stewardship. The paper contributes to the ongoing discourse on digital governance by outlining a framework for organizations to embed accountability and trust within automated financial reporting systems. The findings support policymakers, auditors, and financial executives in designing sustainable governance infrastructures that uphold reporting credibility in an era of intelligent automation.
How to Cite This Article
Oluwaremi Ayoka Lawal, Titilayo Elizabeth Oduleye (2020). Process Automation and Financial Reporting Integrity: A Conceptual Governance Model . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 1(5), 583-594. DOI: https://doi.org/10.54660/.IJMRGE.2020.1.5.583-594