Four different competent accountants independently agree on the amount and method of reporting an economic event. The concept demonstrated is:
A) Reliability.
B) Comparability.
C) Completeness.
D) Verifiability.

Question

Quizplus · Accepted Answer

Verifiability is demonstrated when different individuals can agree on the amount and method of reporting an economic event, indicating that the information is reliable and can be independently confirmed.

Four Different Competent Accountants Independently Agree on the Amount and Method