18. Which of the following statements is false?

A. Lenders are often provided with more information than is included on the financial statements of a company

B. It would be impractical to expand financial statements to include all the information that different user groups want

C. It is a legal requirement for companies to provide relevant financial accounting information to each of the user groups defined by the IASB

D. Shareholders and lenders want to know about the future prospects of a company

Answer : C