Which of the following are considered in the AASB Framework as primary qualitative characteristics?
A)relevance,reliability,materiality and comparability.
B)relevance,reliability,timeliness and understandability.
C)relevance,reliability,understandability and comparability.
D)materiality,reliability,understandability and comparability.
E)materiality,timeliness,understandability and comparability.

Question

Quizplus · Accepted Answer

The AASB Framework refers to the Australian Accounting Standards Board Framework for the Preparation and Presentation of Financial Statements. According to the AASB Framework, the primary qualitative characteristics that enhance the usefulness of financial information are:

Which of the Following Are Considered in the AASB Framework