Which of the following factors will influence the preparation of the balance sheet for larger organisations? Question 18 options:

1) The application of accounting principles (these principles include the entity concept, the accounting period convention, the monetary unit convention, the going concern assumption, and the convention of accrual accounting).

2) Efforts taken to ensure that the financial information being presented satisfies the qualitative characteristics that useful financial information is expected to possess (which include the fundamental qualitative characteristics of relevance and representational faithfulness, as well as the enhancing qualitative characteristics of comparability, verifiability, timeliness and understandability).

3) Efforts to comply with the requirements embodied within accounting standards.

4) All of these choices.