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A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 201
(c) The Shirtmaster division and Corporate Clothing division, though being part of the same group, operate largelyindependently of one another.Assess
(b) How could pursuing a corporate environmental strategy both add to CFS’s competitive advantage and besocially responsible? (5 marks)
(b) Discuss the view that fair value is a more relevant measure to use in corporate reporting than historical cost.(12 marks)
4 Whilst acknowledging the importance of high quality corporate reporting, the recommendations to improve it aresometimes questioned on the basis tha
(c) Critically evaluate Vincent Viola’s view that corporate governance provisions should vary by country.(8 marks)
(d) Corporate annual reports contain both mandatory and voluntary disclosures.Required:(i) Distinguish, using examples, between mandatory and volunta
4 At an academic conference, a debate took place on the implementation of corporate governance practices indeveloping countries. Professor James West
(ii) Illustrate the benefit of revising the corporate structure by calculating the corporation tax (CT) payablefor the year ended 31 March 2006, on t
(ii) Can we entertain our clients as a gesture of goodwill or is corporate hospitality ruled out? (3 marks)Required:For EACH of the three FAQs, expla