1. What standard-setter do you plan to watch most closely upon graduation and why? 2. A market for information about companies exists within the U.S. Who are the suppliers? Who are the users? Is there a pricing mechanism as the market functions? Is this market regulated and by what entity? 3. What are at least three specific actions you can take after graduation to stay current with changes in relevant authoritative standards? 4. You are an auditor with a Big 4 accounting firm. Your client base includes a domestic public company, a domestic private company, and a state agency. Which of the following sources of guidance would you not need to follow in staying current? A. FASAB B. GAO C. GASB D. PCAOB 5. Forecasts are optional information disclosures. Explain why management forecasts are considered a credible signal of future firm performance.