Characteristics associated with faithfully representative accounting information are

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According to the conceptual framework of accounting, faithfully representative accounting information should be complete and neutral, meaning that it provides all relevant information that is free from bias or prejudice. While verifiability is important, it is not a defining characteristic of faithful representation. Timeliness and relevance are also important, but not as critical as neutrality and completeness in ensuring that accounting information is reliable and useful to users.

Characteristics Associated with Faithfully Representative Accounting Information Are