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Identify and describe the key features of federalism in the Australian legal system. In your answer refer to two examples of laws that demonstrate federalism. Evaluate how federalism effects the commercial activities of Australian businesses.

Which one of the following items is not a source of Australian taxation law? Choose the best answer. Legislation Australian Taxation Office (ATO) Guidance & Rulings Case Law Australian tax and superannuation rules

What is the range of penalties that the PCAOB could have levied against London? By the CaliforniaState Board of Accountancy?

n the United States, the __________, a government agency, has the legal authority to set GAAP.

Which of the following statements regarding the requirement to follow U.S. GAAP in financial reporting is true?   1.U.S. GAAP represents a set of professional standards, and the requirement to follow U.S. GAAP is enforced through the AICPA Code of Professional Conduct.   2.U.S. GAAP has been adopted as state law in all 50 states, so failure to follow U.S. GAAP is prosecuted through the state court system.   3.U.S. GAAP has been adopted as federal law, so failure to follow U.S. GAAP is prosecuted through the federal court system.   4.Compliance with U.S. GAAP is not enforced; it is a voluntary choice made by most companies and by most professional accountants

today, most federal regulations are exercises of what authority according to the commerce clause of the U.S. constitution

(a)Does the New Zealand income tax system embrace the principle of “equity”? (b)Does the New Zealand GST system embrace the principle of “equity”? Discuss. (c)What are some of the problems associated with working out whether a tax system is equitable?

Which of the following correctly identify the requirements for both legal and personal competence for a fiduciary? Must be a U.S. citizen Must meet a minimum age requirement as specified by state law Must be capable of analyzing a situation and making decisions Must be mentally competent as required by state law

Explain the stages a bill must go through to become an Act of Parliament and the main advantages of the Parliamentary law-making process.