Application of Python Automation Tool Combined with OCR Technology in "Financial Checkup" of Universities
Shumin Xia · Accounting and Corporate Management · 2023
In this case study, auditors conducted research on the financial reimbursement process of a university and identified insufficient risk controls in the finance department of University W using process testing and risk assessment. Based on the needs of "financial checkup" and the objective condition of digitized financial vouchers in the university, auditors combined information technology audit tools and big data auditing concepts. They integrated Python automation tools with OCR technology and connected to an intelligent cloud OCR financial document image recognition interface to automate the process of reading files, recognizing invoice images, collecting data, and writing them into Excel. Subsequently, through data analysis, audit suspicions were identified for further verification, thereby improving audit efficiency and accuracy.