In the International Accounting Standards Board's (IASB's) Conceptual Framework, an enhancing qualitative characteristic is
A) Predictive value.
B) Free from error.
C) Timeliness.
D) Confirmatory value.

Question

Quizplus · Accepted Answer

Timeliness is considered an enhancing qualitative characteristic according to the IASB's Conceptual Framework. It means that information should be available to decision-makers in time to be capable of influencing their decisions.

In the International Accounting Standards Board's (IASB's) Conceptual Framework, an Enhancing