Problem
1. What is the role of auditing relative to the usefulness of accounting. information?
2. Why does post earnings announcement drift challenge the efficient markets hypothesis?
3. If allocations are arbitrary, can they really be useful?
4. What is the incomplete revelation hypothesis?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.