The ____________ concept is useful in ensuring that users of financial reports are not overwhelmed with too much detail.

Question

Quizplus · Accepted Answer

Materiality is the concept that ensures that users of financial reports are not overwhelmed with too much detail. It is a qualitative characteristic of financial information that requires that only information that is important to users be included in the financial reports.

The ____________ Concept Is Useful in Ensuring That Users of Financial