According to Gray's framework $($which is an extension of Hofstede's model of cultural pattern$),$ which of the following is true about accounting system development?

Multiple Choice

Accounting system development is mainly influenced by a country's constitutional framework.

Countries following limited disclosures adhere less strictly to the notion of conservatism in the measurement of assets and liabilities.

Accounting system development is influenced by a less conservative approach resulting in the development of short$-$term oriented accounting practices.

The external factors have a direct influence on the development of institutional framework leading to the development of accounting systems.