Big Data makes analyses in the tax and accounting fields possible. Digital tools, such as software, algorithms, AI and machine learning enable a variety of national legal requirements and processes to be automated. The order of the day is that everything is to become faster, simpler, more precise and efficient – both for the financial reporter as well as for the taxpayer. Is this too good to be true? How can we bridge the gap between the younger generation with their IT capabilities and the older auditors and tax consultants with their many years of experience?
Dr Caldarola, author of Big Data and Law, speaks with auditor and tax expert, Martin Boerger, on the generational conflict in the digital age.(more…)