Final answer:
The objective of financial statements emphasizes a new stewardship approach for reporting financial information. True.
Step-by-step explanation:
The objective of financial statements does emphasize a new stewardship approach for reporting financial information. Thus, the statement in question is True. Stewardship refers to the responsibility of management to properly manage the resources entrusted to them. Financial statements aim to provide information about the financial performance and position of a company, highlighting how well the management has fulfilled its stewardship role.