In the conceptual framework for IFRS, which one of the following is NOT a qualitative characteristic of useful accounting information?
A) relevance
B) faithful representation
C) conservatism
D) comparability

Question

Quizplus · Accepted Answer

Conservatism is not considered a qualitative characteristic of useful accounting information according to the conceptual framework for IFRS. Instead, relevance, faithful representation, and comparability are recognized as qualitative characteristics that make financial information useful.

In the Conceptual Framework for IFRS, Which One of the Following