According to the Conceptual Framework information that is free from material error and bias has greater:

Question

Quizplus · Accepted Answer

Information that is free from material error and bias has greater faithful representativeness, meaning it accurately reflects the economic phenomena it is intended to represent. While relevance, decision-making usefulness, and correctness are all important qualities in financial reporting, they are not specifically tied to the absence of error and bias.

According to the Conceptual Framework Information That Is Free from Material