Why is it important to report financials? Explain the fundamental purpose underlying the meticulous work of financial experts in order to meet the Generally Accepted Accounting Principles $($GAAP$)$ as prescribed by the Financial Accounting Standards Board $($FASB$).$ Choose All correct answers that applies.Select $4$ correct answer$($s$)$ A hospital should accurately disclose all expenses and losses.Maintain the integrity of financial information in the ethical manner with full disclosureA start date and end date is necessary to prepare financial statements, irrespective of Annually prepared statementTo standardize financial reporting practices and encourage accounting transparencyTo mitigate financial risks associated with accuracy during accounting justification process