Which of these is a constraint on financial reporting rather than a qualitative characteristic?
A) Relevance
B) Comparability
C) Timeliness
D) Reliability

Question

Quizplus · Accepted Answer

Timeliness is a constraint on financial reporting, as it requires financial information to be provided within a reasonable time frame to be useful for decision-making. Relevance, comparability, and reliability are all qualitative characteristics that describe the relevance, comparability, and faithfulness of financial information.

Which of These Is a Constraint on Financial Reporting Rather