Which organisation is concerned with improving disclosure in financial reports of companies listed on the various exchanges throughout Australia? Select one: a. Australian Securities Exchange b. Australian Companies Exchange c. Accounting Standards Board d. Australian Stock Exchange What are the enhancing qualitative characteristics for financial reporting contained in the ConceptualFramework? I Comparability V Faithful representation II Materiality VI Reliability III Timeliness VII Understandability IV Relevance VIII Verifiability Select one: a. I, III, V and VII b. I, III, VII and VIII c. IV, V, VI and VII d. II, IV, VI and VIII In the current ConceptualFramework the fundamental qualitative characteristic of faithful representation requires information to be: Select one: a. all of these options. b. free from material error. c. neutral: without bias d. complete: includes all necessary descriptions and explanations An entity where it is reasonable to expect the existence of users who depend on general-purpose financial reports for information to enable them to make and evaluate economic decisions is known as a Select one: a. public entity. b. company c. reporting entity. d. financial entity