Hi sir, can you give me explaination for this question? thank you so much!

What is the objective of financial reporting? To provide useful and confidential information to the management of an enterprise To provide the preparer of financial statements with useful information to meet worldwide standards To provide useful information in the same format for all enterprises worldwide to comply with IFRS To provide the external user with useful information in an understandable format that can be used as the basis for informed decision-making