What is the conceptual framework for financial reporting?

A$.$ The conceptual framework defines the objective of financial reporting and is desig.

B$.$ The conceptual framework sets forth the theory, concepts, and principles that unde objectives of financial reporting and the characteristics associated with high quality

C$.$ The conceptual framework sets forth the theory, concepts, and principles that under objectives of financial reporting, the characteristics associated with high quality acco

D$.$ The conceptual framework sets forth the theory that underlies financial reporting sta