- 20 Marks
ATAX – May 2022 – L3 – Q2 – Emerging Trends in Taxation
Discuss technology-driven tools, their impact, and challenges in tax practice and administration.
Question
Professional accountants engaged in tax practice or tax administration are often confronted with challenges due to the changing operating environment, particularly disruptive technologies. While clients demand cutting-edge services, many tax administrators in Nigeria still carry out their work manually.
In a seminar organised by ICAN, you highlighted that leveraging information technology could help tax practitioners and administrators enhance their work and remain relevant in today’s dynamic environment.
After the seminar, a principal partner of a traditional accounting firm approached you to organise a two-day in-house training for his staff on “Technological tools, impact, and challenges to tax practice and administration.”
Required:
Prepare a paper focusing on the following areas:
a. Identification and explanation of FOUR technology-driven tools that tax practitioners and administrators could use to enhance their work and reporting (8 Marks).
b. The impact of the identified technology-driven tools on tax practice and administration (8 Marks).
c. Challenges of technology-driven tools to tax practice and administration (4 Marks).
Find Related Questions by Tags, levels, etc.
- Tags: IT in Tax Practice, Tax Administration, Tax Challenges, Tax Tools, Technology in Taxation
- Level: Level 3
- Topic: Emerging Trends in Taxation