In the UAE we are trying to ensure that deployment of AI matches what’s going to have the largest influence on the livelihoods of people and goes to have the least impression on job losses. “This place proves to the world that the leadership of the UAE actually believes in artificial intelligence as a technology and likewise want to make sure that we are on the forefront in terms of this technology. In 2017 the UAE signalled its dedication to technological innovation when it appointed HE Omar Al Olama as the first minister for artificial intelligence of any country on the planet.
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By speaking this immediately, you’re giving your IT team time to do some planning as well and be sure that this project will get on their calendar and their radar. You would also want to notify your audit agency in this case, as they might want to log out on the brand new process as part of the audit. If they aren’t knowledgeable, you risk going via the implementation solely to have your audit group notify you that they’ve discovered a problem with it. Jeff has seen situations the place his buyer has brought the audit agency to design meetings for the software program implementation, and that helped get everybody in alignment proper from the start.
The survey reveals that many tax professionals see the implementation of technology as a serious headache. As technology turns into extra complex, tax professionals lack the help they should perceive implementations and subsequently miss the opportunity to improve their workflow. Tips for a Smoother Tech Implementation”, the Thomson Reuters ONESOURCE group discusses how tax departments can facilitate a smoother and extra successful technology implementation. Host Bianca Kuijper, Direct Tax and Transfer Pricing Director, and Jeff O’Hagan, Director of Professional Services discuss tech implementation ways.
At the top of the day, careful consideration of all stakeholders before implementation helps to keep away from any roadblocks along the way in which. The subject is high-of-thoughts for many tax professionals as surveyed in the recently launched 2020 Corporate Tax Departments Report, carried out by Thomson Reuters and Acritas.
As corporations work by way of the impression of COVID-19, our survey discovered that many tax departments are putting new technology tasks on maintain, which can set corporations further back. When planning a tech implementation, you will need to realize many stakeholders are involved so embrace them in your planning. Additional stakeholders would possibly embody your IT division, your finance department, or your audit agency. For instance, if you wish to implement a tax provision answer, you might need to go to your IT group and get them to construct output from their basic ledger system that’s going to be compatible with the tool that you just’re implementing.