The key components of the conceptual framework include O the objective of financial reporting, qualitative characteristics, the going concern assumption, and elements of financial statements. O the objective of financial reporting, qualitative characteristics, the going concern assumption, elements of financial statements and the measurement of those elements. O the objective of financial reporting, qualitative characteristics, the going concern assumption, and measurement of the elements of financial statements. O the objective of financial reporting, qualitative characteristics and the going concern assumption.