Financial statements prepared under ASPE include a balance sheet and a statement of retained earnings. statement of comprehensive income. statement of cash flows and a statement of changes in shareholders' equity. statement of retained earnings and a statement of comprehensive income. Materiality refers to representational faithfulness. none of these describe materiality. the tangible nature of an item. the decision-making relevance of a piece of information. The operations of a resource company's oil sands operations results in environmental damage. While the extent of the damage cannot be determined at this time, the situation is disclosed in its financial statements. This best demonstrates good management stewardship the full disclosure principle. the application of professional judgement representational faithfulness