What is the objective of financial reporting? $($select the best answer$)$

To provide financial information about an entity that is useful to the entity's management for decision making.

To provide financial information that exemplifies CPAs as stewards of the accounting profession.

To provide financial information about an entity to the government and its agencies.

To provide financial information about an entity that is useful to present and potential equity investors, lenders, and other creditors for the facilitation of capital

markets.