1) consider the arguments for and against standardized reporting periods. do you agree that accounting periods should be more flexible? give reasons for your answers.

2) what are the perceived purposes of an annual report?

3) financial reports have been criticised for their lack of completeness. in what ways do financial reports fail the completeness test?

4) define 'earnings management'. do you consider it to be good or bad? why?

5) 'corporate governance is primarily focused on protecting the interests of shareholders'.discuss.

6) what are risks of poor corporate governance and the advantages of good corporate governance?

7) explain the problems identified from the global financial crisis in relation to risk remuneration and how these relate to corporate governance?