(b) With reference to CF Co, explain the ethical and other professional issues raised. (9 marks)

[试题](b) (i) Explain, by reference to Coral’s residence, ordinary residence and domicile position, how the rentalincome arising in respect of the property in the country of Kalania will be taxed in the UK in the tax year2007/08. State the strategy that Cor

[试题](b) Explain by reference to Hira Ltd’s loss position why it may be beneficial for it not to claim any capitalallowances for the year ending 31 March 2007. Support your explanation with relevant calculations.(6 marks)

[试题](c) With specific reference to Hugh Co, discuss the objective of a review engagement and contrast the level ofassurance provided with that provided in an audit of financial statements. (6 marks)

[试题](b) Describe the content of a reference. (5 marks)

[试题](b) Explain the advantages and the disadvantages of:(i) the face to face interview between two people; (6 marks)

[试题](b) Explain the meaning of the term ‘Efficient Market Hypothesis’ and discuss the implications for a company ifthe stock market on which it is listed has been found to be semi-strong form. efficient. (9 marks)

[试题](b) Explain and give examples of assertive behaviour. (7 marks)

[试题](b) Explain in the context of Flavours Fine Foods, what is meant by:(i) responsibility; (4 marks)

[试题](b) Identify and explain THREE approaches that the directors of Moffat Ltd might apply in assessing theQUALITATIVE benefits of the proposed investment in a new IT system. (6 marks)

[试题](b) Explain the major benefits of pursuing a policy of internal development. (4 marks)