If accounting information has confirmatory value, it
A) has been verified by external audit.
B) is prepared on an annual basis.
C) confirms or corrects prior expectations.
D) is neutral in its representations.

Question

Quizplus · Accepted Answer

Confirmatory value in accounting information means it can either confirm or change past expectations based on new evidence or data, making it useful for decision-making.

If Accounting Information Has Confirmatory Value, It