1. Which of the following are the objectives of financial reporting? A. To provide information to comply with laws and other regulations B. To provide information to all users, including meeting the social needs of society C. To provide information to specific groups of users D. All of the above 2. One of the purposes of developing an accounting framework is A. to visualize a logical flow of business plan B. to provide useful information as a basis for economic decision making C. to identify the desirable qualitative characteristics of financial information D. to develop company's policies, goals, standards, and procedures 3. The Companies Act 2016 is one of the statutory regulations on financial accounting and reporting for the organizations EXCEPT: A. Private company B. Cooperative C. Unlisted public company D. Listed public company