1. How are management compensation plans and incentives plans utilized to maintain an effective corporate governance platform?
2. Describe the flow of funds between financial institutions and markets? Feel free to use diagrams, pictures or personal examples in your response.
3. The selection of historical cost over current value as the attribute to be measured for assets is an example of the trade-off of Reliability over relevance Costs over benefit Comparability over consistency Understandability over verifiability.