Under IFRS, the Conceptual Framework

Multiple Choice

Under IFRS, the conceptual framework:

A) Emphasizes the overarching concept of the financial statements providing a "true and fair representation" of the company.
B) Is not designed to provide guidance to standard setters, but rather only to practitioners.
C) Is not designed to provide guidance to practitioners, but rather only to standard setters.
D) Specifies a set of rules that determine what constitutes a true IFRS standard.