We may not know everything about Coca Cola, but let's say that the Wall Street Journal article sufficiently describes the situation. Later documents put the tax bill at $3 billion, and as more years are added, the bill will increase. 1. What sort of internal controls do you imagine would be important for tax strategies? 2. Was the tax strategy legitimate and the outcome was within risk tolerances, or was some tax department or board activity missing? 3. How would the whole board follow up with these committees after the tax strategy results?

Answer rating: 100% (QA)

1 Internal Controls for Tax Strategies Effective internal controls are crucial for managing tax strategies and ensuring compliance with relevant regulations Some key internal controls for tax strategi... View the full answer