1. You have been assigned your first research project for a client
who is being audited. What are the steps to conducting tax
research in preparing for the audit? What are a tax practitioner’s
responsibilities when providing advice?
Respond:
For the second point, the steps to conducting research to
prepare for an audit would be to investigate the facts and
identify the issues, locate the appropriate authority, analyze the
research, develop reasoning and conclusions, and communicate
the recommendations. Finally, communicate to the client the
facts, assumptions, issues, sources of authority, and
conclusions with recommendations.