Ican 2026 Advanced Taxation Question 7

Recent developments in the accounting practice globally have made training and retraining of employees in the profession inevitable. Tax legislation, for instance, is becoming increasingly complex; bringing ever more risk on the professional tax practitioners. The Principal Partner of a small-sized audit firm is organising a seminar on “Tax Practice Management” for his firm’s newly appointed audit staff next month. In the letter of invitation sent to you, as a Lead Presenter, the purpose of the seminar, according to the firm’s Principal Partner, is to avail the audit staff (who have just completed their academic programmes in various higher institutions) with current developments in the accounting profession for accountants in tax practice. You have accepted to present a paper at the seminar titled, “Professional accountants in tax practice, associated risks, benefits and strategies of mitigating the potential risks”. The organisers of the seminar expects your paper to be forwarded to them.