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"Professional Service Organizations" Please respond to the
following:
You have been asked by the CFO of the company where you
work or previously worked to evaluate the use of a professional
service organization for processing the company’s payroll.
Identify the top-three issues that should be discussed when
considering contracting the services of a payroll service
provider. Evaluate the impact, both positive and negative, of
each issue on the process in question. Provide specific examples
to support your response.
Using the information from the e-Activity, identify the key
elements of a plan to outsource your firm’s payroll function.
For each element of the plan, describe the impact of each
element. Be sure that the elements address the necessary
controls needed to safeguard your firm’s personnel data.
Provide specific examples to support your rationale.
Week 7 Discussion 2
"General Ledger and Reporting Systems" Please respond to the
following:
Your firm is planning to move to International Financial
Reporting Standards (IFRS) reporting within the next fiscal
year. Analyze the risks and rewards by moving to IFRS and the
impact that technology will have on the change. Include the
advantages and disadvantages of IRFS compared to the
Generally Accepted Accounting Principles (GAAP). Provide
specific examples to support your analysis.
Develop a proposal for migrating your firm to IFRS from
GAAP. Discuss how you will educate your users in IFRS.
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