The operations of a resource company's oil sands operations results in environmental damage. While the extent of the damage cannot be determined at this time, the situation is disclosed in its financial statements. This best demonstrates O the application of professional judgement good management stewardship the full disclosure principle. representational faithfulness. Management Discussion and Analysis (MD&A) is O an internal document not released to shareholders. supplementary information included in the notes to the financial statements. O notes on meetings between management and auditors. O supplementary information included in the annual report. Under GAAP, inflation has been historically ignored due to the monetary unit assumption. o periodicity assumption. economic entity assumption. O going concern assumption