Question 1 Over the years, Caribbean governments have been amending and updating legislation to enhance corporate governance and protect the Caribbean investor. Critically discuss how corporate governance structure of a company can enhance investor protection.

Question 2 The success or failure of an entity depends on its system of controls both accounting and administrative. Identify and discuss some of the key factors of the internal control systems of an organization with which you are familiar.

Question 3 The management and evaluation of organizations today requires the use of both financial and non-financial metrics as part of their performance measurement systems. Discuss the truths and fallacies of the above statement.

Question 4 Budgeting serves a critical role in managing companies in this dynamic environment. Critically discuss the importance of operational and capital budgeting in a modern organization.

Question 5 In evaluating the conceptual framework of accounting, one can look at this process from three levels, the objectives of financial reporting, the elements of financial statements and qualitative characteristics of information, and the assumptions, constraints and principles. Discuss the interrelations among these three levels.