Which of the following statements is FALSE?

Question 14 options:

1)	If an organisation accounts for the social and environmental impacts of the organisation, then it is extending the boundary of accounting beyond the organisation itself.
2)	If an organisation goes beyond collecting and reporting information about financial performance, then the organisation is effectively extending the reach of its accounting.
3)	The reporting boundary refers only to the breadth of information that an organisation is required to report according to accounting standards and other applicable regulation.
4)	If an organisation only collects information about the financial performance, together with information about the resources and obligations of the organisation as measured in financial terms, then the organisation's reporting boundary would be narrowly restricted to the confines of the organisation itself.