Which of the following is considered to be an enhancing characteristic of financial information that has been audited?
A)Comparability.
B)Existence.
C)Occurrence.
D)Periodicity.

Question

Quizplus · Accepted Answer

Comparability is considered an enhancing characteristic of financial information that has been audited because it allows users to compare financial information with similar entities or within the same entity over different periods of time. This can provide insights into trends and potential areas for improvement or concern. Existence, occurrence, and periodicity are all fundamental characteristics of financial information that must be met before enhancing characteristics can be considered.

Which of the Following Is Considered to Be an Enhancing