Explain THREE problems associated with the reliability and measurement of fair values.

Explain how materiality differs for failure to follow GAAP and for lack of independence.  (Better explanation)

define the following relevance, reliability,comparability, verifiability and understandability

What is the primary difference between the APT and the CAPM?

For each of the following pairs of information characteristics, give an example of a situation in which one of the characteristics may be sacrificed in return for a gain in the other. Relevance and faithful representation.  Relevance and consistency.  Comparability and consistency.  Relevance and understandability.

Within the context of valuation methodology and disclosure, discuss the concepts of “Relevance” and “Representational Faithfulness”. In what circumstances might you have one, but not the other, or both? Could one have neither? Provide and discuss some examples of each scenario, as well as the risk and ramifications

The two characteristics of the appropriateness of evidence are a. relevance and reliability. b. relevance and timeliness. c. relevance and accuracy. d. reliability and accuracy.

For practical applicationsas opposed to theoretical considerations, which ismore relevant, the CML or the SML?

Which of the following qualitative characteristics may have to be sacrificed in order to achieve timeliness? a. Relevance b. Reliability c. Comparability d. Predictive value

Identify all major assumptions of the CAPM, how they can be violated, and the implications of these violations while recognizing the limitations of the CAPM.