class discussion 4 1

For the final discussion please discuss the following:

1) What do you think of the recent tax plan, in particular, the idea of the simplified tax return What parts of the plan do you like/dislike? Do you think it will greatly impact the accounting industry?

2) What do you think are the biggest challenges that will face the accounting profession in the future? How about the impact of artificial intelligence (AI) on the profession or forensic accounting? What do you think of the emergence of algorithmic entities (AE) possibly replacing the traditional business structures? What role do you see specialties, such as forensic accounting, going forward?