Question：Which TWO of the following statements about accounting information is incorrect?
A. Accounting information should be relevant, reliable, complete, objective and timely.
B. Companies do not provide specially-prepared financial information to employees.
C. Accountants have a strong obligation to ensure that company accounts conform to accounting standards.
D. Charities and professional bodies do not have to produce financial statements in the same way as businesses.
The correct answer is:
Companies do not provide specially-prepared financial information to employees
and
Charities and professional bodies do not have to produce financial statements in the same way as businesses
Rationale: Non-commercial undertakings still prepare annual financial statements, for accountability to their trustees, members or funding bodies. Some companies voluntarily provide specially-prepared information to employees.

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