Automated regulatory compliance checks

Purpose

1. Automate regulatory compliance checks across financial audit workflows, ensuring up-to-date adherence with laws, standards, and policies by automating collection, monitoring, and verification of compliance data, notifications, document management, and audit trail generation.

2. Automates manual compliance review tasks, reducing risks, increasing accuracy, and supporting auditors with automated regulatory updates and checklists.

3. Ensure automatedly that all compliance requirements—local, national, and international—are validated against audit findings and client transactions.

4. Automator monitors regulatory feeds, automates alerts for rule changes, and enforces policy-driven actions in audit processes.

Trigger Conditions

1. Receipt or scheduling of a new audit engagement, automatically initiating compliance verification.

2. Upload or submission of financial documents for audit, automatedly commencing the check.

3. Detection of changes in legal or compliance frameworks from defined regulatory sources.

4. Manual on-demand request to run automated compliance checks.

5. Periodic/time-based automated scheduling for recurring compliance validations.

Platform Variants

1. Microsoft Power Automate

• Feature/Setting: Automate compliance file routing via regulatory policy connectors (e.g., Power Automate Compliance Policy API).
  

2. Zapier

• Feature/Setting: Automate audit compliance task creation when new regulatory updates are posted using RSS or webhooks.
  

3. MuleSoft

• Feature/Setting: Automates integration with FIS regulatory data APIs and orchestrates compliance checks.
  

4. UiPath

• Feature/Setting: Compliance automation bots configured for document scanning and rule validation (UiPath Activities: ComplianceChecker).
  

5. Workiva

• Feature/Setting: Automates real-time compliance evidence collection with platform APIs (e.g., Workiva Regulatory Data Connector).
  

6. ServiceNow

• Feature/Setting: Automate regulatory incident ticketing and workflow with GRC (Governance, Risk, Compliance) APIs.
  

7. Thomson Reuters ONESOURCE

• Feature/Setting: Automator fetches latest regulatory changes and cross-verifies audit criteria using ONESOURCE APIs.
  

8. SAP GRC (Governance, Risk, Compliance)

• Feature/Setting: Schedule and automate continuous controls monitoring rules.
  

9. Smartsheet Data Shuttle

• Feature/Setting: Automate import of regulatory updates to compliance dashboards.
  

10. Amazon Web Services Lambda

• Feature/Setting: Automates parsing and flagging financial records for regulatory mismatches (AWS Lambda function trigger).
  

11. DocuSign

• Feature/Setting: Automate sending compliance document checklists for e-signature with DocuSign API calls.
  

12. Jira

• Feature/Setting: Automatically create Jira compliance tickets for audit teams based on rule deviations.
  

13. Slack

• Feature/Setting: Real-time automated compliance alerts posted to auditing channels via Slack API.
  

14. Google Workspace (Apps Script)

• Feature/Setting: Automate compliance task assignment in Google Sheets upon audit record updates using Apps Script triggers.
  

15. Oracle Risk Management Cloud

• Feature/Setting: Automates regulatory policy checks within audit modules.
  

16. IBM OpenPages

• Feature/Setting: Automates evidence collection for compliance using OpenPages API endpoints.
  

17. Monday.com

• Feature/Setting: Automated compliance workflows triggered when regulatory data changes in boards.
  

18. Trello

• Feature/Setting: Automate card creation when compliance actions are needed based on regulatory input via Trello API.
  

19. Asana

• Feature/Setting: Automate compliance action items and reporting on audit findings exceeding policy thresholds.
  

20. Box

• Feature/Setting: Automatically monitors and audits compliance documentation uploads with Box Event API.
  

21. Salesforce

• Feature/Setting: Triggers compliance review cases upon client onboarding via Salesforce Flow.
  

Benefits

1. Automates reduction in manual compliance verification effort and time, improving auditor efficiency.

2. Ensures automated adherence to all applicable regulations, with real-time responsiveness to changes.

3. Boosts accuracy and audit traceability through end-to-end automation and audit trails.

4. Empowers audit firms to scale operations and quickly adapt to regulatory changes with automation.

5. Automatedly strengthens risk management frameworks and client trust in audit services.