please answer

answer questions 1-10

List and discuss each of the common challenges and dilemmas highlighted in the book related to measuring performance and driving improvements in audit ways of working Describe how definitions of income, revenues, and expenses have changed in statements issued by successive standard-setting bodies. ur points in the revenue cycle, from production through to cash collection, are ossible events for revenue recognition. What relevant circumstances justify finite uniformity rather than rigid uniformity for revenue recognition, and which approach is used in practice? Explain. 3. What is the matching concept, and why is there an implied hierarchy for expense recognition? 4. Why is there no matching problem for periodic costs? Provide some examples. 5. What types of costs present matching problems, how are they dealt with, and what are some examples of such costs? 6. There has been a trend toward rigid uniformity in the format of the income state- ment. Explain how and why this has occurred. 7. Why might the distinction between revenues and gains, and between expenses and losses, be important to report, yet unimportant as to how they are reported? 8. Research, while inconclusive, has shown that earnings are manipulated down ward prior to a management buyout. What is the logic of this and why do man- agement buyouts present a difficult agency theory problem? 9. Why is comprehensive income an application of proprietary theory? 10. If a separate statement of comprehensive income is presented, do all elements of comprehensive income appear in this statement