QUESTIONS Facts is a private bus which provides counseling services to its chants its chats work toge corporar which pay Facts plc a fee por meeting that their employees have with a Facts ple counselor Recently there have boon some news stories that some privato courong companies teve boon encouraging extra meetings with clients in order to claim more fees from their employers, even when the extra moeten wore not necessary. Some of the corporations which Facts plc provide services to are concerned whether Fadsplein also involved in this practice The government has recently introduced strict legislation on the managing of counselling services including large fines for unfair practices Facts plc has a good reputation with its chonts and only agrees to additional mootings if the employees themselves roquest one. In addition, it also refors employees to other services that may be helpful, however hasn't informed stakeholders of these policies Facts plc operate in a competitive sector and any positive actions they can do to boost their competitiveness is helpful to sustain and improve their position a) Explain the aim of Social Reporting (1 mark) b) Explain THREE advantages to Facts pic of engaging in social reporting (6 marks) c) Explain the meaning of international harmonisation" and identify ONE barrier to international harmonisation. (2 marks) SARA ne hann 4 5 3 1 2 10:45 D) EXTREEdvantages of Facts of engaging in social reporting to make c) Explain the meaning of internatonal harmonisation and identity ONE banor to intamate honnon (2 marks) d) Zest ple has traditionally been a successful company however has recently boon struggling to obtain funds to support their investment projects. One of these projects includes to buy a subsidiary based in Italy Zest plc is based in a country which has given businesses a choice over whether or not to implement IFRS's when preparing their accounts. The managing director of the company believes implementing IFRS's will not have much benefit Explain TWO advantages to Zost plc of international harmonisation. (6 marks) (Total Question 5: 15 marks) Fill in your answer here Format BIU, * * EHelp 5