Timeliness is one of the basic assumptions of accounting used by the International Accounting Standards Board (IASB).

Name: Timeliness is one of the basic assumptions of accounting used by the International Accounting Standards Board (IASB).
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Timeliness is considered a qualitative characteristic of financial information according to the IASB's conceptual framework, not a basic assumption. The basic assumptions include going concern, accrual basis of accounting, and others, but not timeliness.

Timeliness Is One of the Basic Assumptions of Accounting Used