Question: I need help answering the 3 below questions: First, define construct validity and provide an argument about whether restatements have a high or low level

I need help answering the 3 below questions:

  1. First, define construct validity and provide an argument about whether restatements have a high or low level of construct validity in the measurement of accounting quality.

  1. What are the advantages and disadvantages of having the FASB as opposed to Congress/Congressional Hearing develop GAAP on oil and gas reserves?

  1. Referring to the previous question on oil and gas reserves, what is the implication of having the disclosure as part of the audited financial statements?

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