Avoiding Tax Malpractice: Overview

Overview

This 4-hour intensive course dives into Data Analysis Expressions (DAX) to help you build and validate powerful metrics in Power BI. Starting with DAX fundamentals and progressing to advanced formulas and time-intelligence functions, you’ll learn how to create accurate, insightful measures. Through hands-on practice with PivotTables and real-world scenarios, you’ll gain the skills to validate calculations, streamline analysis, and make confident data-driven decisions.

Highlights

• Technical definitions of tax malpractice
• Risk management techniques: quality control procedures and maintaining professional competence
• Aggressive tax strategies
• "War stories" dealing with tax-related claims against CPAs
• Insurance carrier experiences
• Substantive tax areas: tax-deferred exchanges, built-in gains, alternative minimum tax and overlooked tax elections

Prerequisites

None.

Objectives

• Identify topics related to allegations of malpractice committed by tax professionals
• Determine how to recognize high-risk engagements
• Recognize relevant ethical considerations
• Identify tools for insulating yourself from malpractice exposure
• Determine appropriate loss prevention procedures
• Determine effective communication with clients regarding objectives and expectations

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.