Demonstrate your understanding of the implications of the efficient market hypothesis.
Clearly communicate your thoughts and ideas in a clear and concise manner.
Practice your written communication skills including the ability to write persuasively in a document that is free of spelling and grammatical errors.
In a 2-3 page, double-spaced paper, explain the efficient market hypothesis in your own words. What are the implications of the efficient market hypothesis on accounting standard setting and financial reporting?