The Application of Robotic Process Automation (RPA) in Accounting

Abstract

The Lebanese economy has been experiencing dramatic changes marking political and financial waves of reform and turmoil over the last decade, and specifically after the latest consecutive recessions. All sectors of the local economy had been substantially affected by the economic recession. The accounting system which is directly connected with business sectors was hindered by the economic crisis developments where the compliance of business entities that are on the verge of collapse with IPSASs (International Public Sector Accounting Standards) became extremely problematic. This chapter explores robotic process automation (RPA) in the accounting domain from the perspective of the Lebanese economic crisis.