(c) Illustrate how:
(i) inquiry; and (4 marks)
(b) Explain in the context of Flavours Fine Foods, what is meant by:(i) responsibility; (4 marks)
点击查看答案
(ii) Comment on the figures in the statement prepared in (a)(i) above. (4 marks)
(ii) Briefly outline the tax consequences for Henry if the types of protection identified in (i) were to beprovided for him by Happy Home Ltd compared to providing them for himself. You are not required todiscuss the corporation tax (CT) consequences for Happy Home Ltd. (4 marks)
(iii) State any disadvantages to the relief in (i) that Sharon should be aware of, and identify and describeanother relief that she might use. (4 marks)
(ii) Following on from your answer to (i), evaluate the two purchase proposals, and advise Bill and Benwhich course of action will result in the highest amount of after tax cash being received by theshareholders if the disposal takes place on 31 March 2006. (4 marks)
(b) Describe the audit work to be performed in respect of the carrying amount of the following items in thebalance sheet of GVF as at 30 September 2005:(i) goat herd; (4 marks)
(d) (i) Discuss why it may not be possible to provide a high level of assurance over the stated key performanceindicators; and (4 marks)
