Tax Policy Has Been Positive, Says EY CEO

Tax Policy Has Been Positive, Says EY CEO

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

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Quizizz Content

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The video discusses changes in tax policy under President Trump, focusing on repatriation and its economic impact. It highlights the effects on jobs, investment, and competitiveness, while addressing trade uncertainties. The debate over the confidentiality of tax returns is explored, alongside the evolution of the accounting profession and the role of technology in auditing.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the key outcomes of the tax policy changes under President Trump?

Decreased foreign investment

Higher inflation rates

Increased unemployment rates

More jobs than people ready to fill them

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the tax law changes affect supply chain decisions?

They reduced capital expenditure

They caused companies to move overseas

They led to more investment in the U.S.

They discouraged foreign investment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a significant consequence of trade uncertainties?

Holding more cash and less investment

Lower unemployment rates

Higher economic growth

Increased investment in Europe

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major challenge faced by the auditing profession?

Simplistic business models

Decreasing demand for auditors

Complex transactions and business models

Lack of technological tools

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected role of technology in the future of auditing?

To completely replace human auditors

To assist in real-time audits and decision-making

To reduce the need for financial reporting

To eliminate the need for judgment in auditing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the proposed changes in financial reporting?

Focusing solely on historical data

Eliminating quarterly reports

Incorporating non-financial sustainable business measures

Reducing transparency in financial statements

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the accounting profession adapted to technological advancements?

By relying solely on algorithms

By reducing the workforce

By eliminating the need for audits

By integrating more people and robots