Which of the Following Accurately Describes the Objective of Financial

Multiple Choice

Which of the following accurately describes the objective of financial reporting under the IFRS Conceptual Framework?

A) The Conceptual Framework focuses on a narrow set of users such as investors and lenders.
B) Special purpose financial statements are required under the Conceptual Framework.
C) In the Conceptual Framework, users include a broad range such as employees and customers.
D) Under the Conceptual Framework, general purpose financial statements increase moral hazard.