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

Explain three main factors affecting acceptance audit risk.

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.

What are the key assumptions of the CAPM?

Differentiate between “loss carryback” and “loss carryforward.”Which can be accounted for with the greatercertainty when it arises? Why?

What assumptions are inherent in the EOQ model as presentedhere?

What are the arguments for and against 'Stakeholder Theory'? Examine several arguments for and against the theory.