All tax engagements involve some common
elements. However, the time and expertise required may vary significantly for
each engagement. More than 50% of insurance claims against Chartered
Accountants are tax-related but the majority can be avoided
with an effective tax risk management strategy.
The newly revised second edition of the CICA Tax
Practice Manual contains 22 comprehensive chapters. It provides information on the important risks associated
with tax practice, recommendations and best practices to minimize those risks,
as well as useful tools and practice aids to accomplish risk minimization that
will assist in improving productivity.
In the electronic version of the Manual, the practice aids are listed at the
end of each chapter. Word files, PDF files and links are now included on a CD
which accompanies the print version of the Manual. The URLs are included on
both the CD and in the electronic versions for quick access to source documents.