Process Mining for Financial Auditing

Abstract

Over the last years, process mining has increasingly demonstrated its potential as a valuable tool for internal and external auditors. Thereby, the possible use cases in the field of auditing are manifold. This chapter focuses especially on the use of process mining in the context of financial audits, which are relevant for both, internal and external auditors. Beside a short explanation of the different types of auditors, this chapter aims to connect process mining to the different process steps of an internal (and later also external) audit and discusses the similarities and differences between both areas.