Technology Adoption – NBC Institute

ATAX – May 2023 – L3 – Q2 – Emerging Trends in Taxation

Discuss risks, mitigation measures, roles, benefits, and challenges of technology in accounting and tax practice.

Question

Tax legislations are becoming increasingly complex, creating more risks for professional accountants and tax practitioners. The role of technology in running a contemporary accounting firm and/or tax practice is evolving rapidly, bringing new layers of complexity and regulatory pressure.

Your firm of chartered accountants is organizing an in-house training for the newly employed audit officers. You have been mandated by the Senior Partner to prepare a paper on: “Risk and Role of Technology in Accounting/Tax Practice.”

Required:

As the paper presenter, prepare a paper for the training addressing the following:

(a) Risks of running a professional accounting firm and/or tax practice (4 Marks)
(b) Measures to mitigate the identified risks (5 Marks)
(c) Roles of technology in running a contemporary accounting/tax practice (3 Marks)
(d) Benefits and challenges of adopting technology by professionals in accounting firms and/or tax practices (8 Marks)

Answer

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Tags: Professional Practices, Risk Management, Risk Mitigation, Technology Adoption, Technology in Accounting
Level: Level 3

Topic: Emerging Trends in Taxation

BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development

Explain why ensuring the highest quality standards was necessary and the benefits of training for a pharmaceutical company developing a vaccine.

Question

Anta Zene is a British pharmaceutical company that partnered with Forox University to develop a vaccine to combat the Coronavirus spread in the United Kingdom and other countries. Even though the vaccine was ready in August 2020, it had to pass through all the needed quality control systems of the British drug regulator to ensure that it would meet the highest quality standards. The vaccine was eventually approved by the drug regulators on 29 December 2020. The company conducted a training programme for its employees and about 5,000 volunteers to ensure the effective implementation of the vaccination programme.

Required:
a) Why was it necessary for the British drug regulator to ensure that the vaccine was of the highest quality standards? Explain your answer with FIVE (5) reasons. (10 marks)
b) Explain FIVE (5) benefits the company would derive from the training programme. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consumer Safety, Employee Efficiency, Quality Standards, Technology Adoption, Training
Level: Level 1

Topic: HR - Training and Development, Operations strategy
Series: MAY 2021

ATAX – May 2023 – L3 – Q2 – Emerging Trends in Taxation

Discuss risks, mitigation measures, roles, benefits, and challenges of technology in accounting and tax practice.

Question

Required:

As the paper presenter, prepare a paper for the training addressing the following:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Professional Practices, Risk Management, Risk Mitigation, Technology Adoption, Technology in Accounting
Level: Level 3

Topic: Emerging Trends in Taxation

BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development

Explain why ensuring the highest quality standards was necessary and the benefits of training for a pharmaceutical company developing a vaccine.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consumer Safety, Employee Efficiency, Quality Standards, Technology Adoption, Training
Level: Level 1

Topic: HR - Training and Development, Operations strategy
Series: MAY 2021

Question Tag: Technology Adoption

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ATAX – May 2023 – L3 – Q2 – Emerging Trends in Taxation

Discuss risks, mitigation measures, roles, benefits, and challenges of technology in accounting and tax practice.

BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development

Explain why ensuring the highest quality standards was necessary and the benefits of training for a pharmaceutical company developing a vaccine.

ATAX – May 2023 – L3 – Q2 – Emerging Trends in Taxation

Discuss risks, mitigation measures, roles, benefits, and challenges of technology in accounting and tax practice.

BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development

Explain why ensuring the highest quality standards was necessary and the benefits of training for a pharmaceutical company developing a vaccine.

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Question Tag: Technology Adoption

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ATAX – May 2023 – L3 – Q2 – Emerging Trends in Taxation

Discuss risks, mitigation measures, roles, benefits, and challenges of technology in accounting and tax practice.

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BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development

Explain why ensuring the highest quality standards was necessary and the benefits of training for a pharmaceutical company developing a vaccine.

You're reporting an error for "BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development"

ATAX – May 2023 – L3 – Q2 – Emerging Trends in Taxation

Discuss risks, mitigation measures, roles, benefits, and challenges of technology in accounting and tax practice.

You're reporting an error for "ATAX – May 2023 – L3 – Q2 – Emerging Trends in Taxation"

BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development

Explain why ensuring the highest quality standards was necessary and the benefits of training for a pharmaceutical company developing a vaccine.

You're reporting an error for "BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development"

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