QUESTION COMPLETION STATUS: Question 11 0.8 points SAVE ANSWER The following statements relate to the AASB Conceptual Framework. Choose an incorrect statement. The AASB Conceptual Framework provides a concept of reporting entity that allows an entity that may not be legally required to prepare financial statements but is able to prepare them if so wish. The AASB Conceptual Framework defines the objective of general purpose financial statements. O The AASB Conceptual Framework provides guidelines intended to meet the information needs of a range of users who are able to command that reports be prepared to their own particular needs. The AASB Conceptual Framework identifies the qualitative characteristics that make information in financial statements useful. A Moving to another question will save this response. &gt