Algorithmic Auditing Gains Traction in Cross Border Compliance Frameworks, says Lovelyn Ekpedo

By Korede Omololu-David

All over the world, across boardrooms, algorithmic auditing is quietly reshaping how companies manage cross-border compliance. At the center of this shift is financial technology and audit specialist Lovelyn Ekpedo, whose work helps firms turn complex regulations into clear, testable rules that machines can read.

Ekpedo explains that traditional audits often come in long after the damage is done. By contrast, algorithmic auditing embeds controls into the daily flow of transactions. Every payment, every invoice and every journal entry is checked in real time against tax, sanctions and reporting rules.

“Algorithmic auditing does not replace professional judgment,” Lovelyn Ekpedo said. “It gives auditors cleaner data, better alerts and a faster way to focus on the exceptions that truly matter.”

For multinational businesses operating in several jurisdictions, the cost of getting compliance wrong can be immense. Fines, restatements and reputational damage hit both earnings and investor trust. Ekpedo designs frameworks that allow finance teams to map legal requirements into machine readable logic and link those rules to enterprise systems.

When implemented properly, this approach reduces manual reconciliations, strengthens internal controls and gives regulators more confidence in the numbers presented. It also frees accountants from low value ticking and tying so they can spend more time on analysis and scenario testing.

“Good algorithmic controls are like a second set of expert eyes that never sleep,” Ekpedo noted. “They help finance leaders prove that their statements are not only accurate today but repeatable and defensible over time.”

As cross border data exchange agreements expand, regulators are increasingly able to compare filings across countries. That makes consistency and traceability essential. With specialists like Ekpedo shaping the field, algorithmic auditing is moving from experimental pilot to standard practice, giving finance, audit and accounting teams a more reliable foundation for global operations.