Solved by verified expert :Discussion 1Professional Service OrganizationsPlease respond to the following:• As the manager of an HRM/Payroll system, suggest two (2) issues that should be discussed when considering contracting the services of a payroll service provider. Provide specific examples to support your response. • Assess the opportunities and threats associated with outsourcing an organization’s internal payroll system. Recommend a strategy that management can implement to take advantage of the opportunities and mitigate those risks. Provide specific examples to support your response.Discussion 2General Ledger and Reporting Systems Please respond to the following: • Analyze the types of risks and rewards that technology and regulatory changes have (or will have) on the design and operation of the organization’s general ledger and reporting systems. Include the advantages and disadvantages of IFRS compared to GAAP. Provide specific examples to support your analysis. • Speculate which regulatory changes will be the top priority for management. Then, suggest a timetable in which management should start getting ready for the change

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