Question
Discuss the ethical and professional issues and what actions they should take to be resolved. BST is a food retailed at the Aus market. An
Discuss the ethical and professional issues and what actions they should take to be resolved.
BST is a food retailed at the Aus market. An investigation into the BlackStone's tax affairs occured in 2020. The ato was investigating a potential underpayment of taxes, saying the tax laws were breached (BST tax planning was done by its tax department). In Feb that year, BST's audit team asked if BAP can help by assessing its tax position and liaising with the tax authorities. This should be fixed by a tribunal that will happen in 2021 (the following year) In Feb 2020, BST's audit team also questioned wif one of BAP's audit partners can be appointed as a non-executive director and be on the audit team. The audit team doesnt have a financial reporting expert, and the appointment of an audit partner would bring a lot of help and knowledge.
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