The FASB's Conceptual Framework says that, to be relevant, information must have predictive value, and that information that only has confirmatory value is never relevant.

Name: The FASB's Conceptual Framework says that, to be relevant, information must have predictive value, and that information that only has confirmatory value is never relevant.
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The FASB's Conceptual Framework states that information is relevant if it has predictive value or confirmatory value.

The FASB's Conceptual Framework Says That, to Be Relevant, Information