One of the most popular forms of executive compensation is company stock (or options to purchase stock). Designers of these compensation plans argue that by compensating officers with stock, the officers will take actions in the best interest of the shareholders. Critics claim executive compensation is often too high in proportion to average salaries at companies and that the compensation levels motivate officers to take selfish actions. Required: a. Research executive compensation of some well-known companies. (You can find executive compensation in SEC filings on EDGAR at www.Sec gov or on a variety of Internet sites, such as www. aflcio org(paywatch). Based on your research, what do CEOs make compared to the average worker's salary (i,e., are executives earning 10 times, or 100. or 500 times times the average worker)? In your opinion, are the executives worth it? b. In your opinion, what are the costs and benefits associated with compensating executives with stock or options to purchase stock? c. What do you believe are the most effective audit procedures to use to identify executive compensation abuse or fraud? Please explain why. One of the most popular forms of executive compensation is company stock (or options to purchase stock). Designers of these compensation plans argue that by compensating officers with stock, the officers will take actions in the best interest of the shareholders. Critics claim executive compensation is often too high in proportion to average salaries at companies and that the compensation levels motivate officers to take selfish actions. Required: a. Research executive compensation of some well-known companies. (You can find executive compensation in SEC filings on EDGAR at www.Sec gov or on a variety of Internet sites, such as www. aflcio org(paywatch). Based on your research, what do CEOs make compared to the average worker's salary (i,e., are executives earning 10 times, or 100. or 500 times times the average worker)? In your opinion, are the executives worth it? b. In your opinion, what are the costs and benefits associated with compensating executives with stock or options to purchase stock? c. What do you believe are the most effective audit procedures to use to identify executive compensation abuse or fraud? Please explain why