Which of the following is not a potential cause of management bias? Financial statement users must exercise significant professional judgement in interpretation of financial information. Financial statements provide information to users about management stewardship. Managers are often compensated based on the company's net income or share value. Many lending agreements and contracts require that certain financial benchmarks must be met. Standards and interpretations are issued by the IASB. FASB. ACSB. O All of the above. The most authoritative primary source of GAAP for private companies in Canada is accounting guidelines. industry practices. CPA Canada Handbook recommendations. professional judgement. The term GAAP means generally accepted accounting practices. generally accepted accounting principles. generally accepted auditing practices. generally accepted accounting purposes. The essential characteristic(s) of accounting is (are) communication of financial information to interested internal parties only. communication of economic information to external parties. identification, measurement, and communication of financial information. O identification and measurement of financial information only