Which characteristic enhances the usefulness of financial information beyond fundamental characteristics? A) Transparency B) Cost-effectiveness C) Simplicity D) Verifiability
Understand the Problem
The question is asking to identify which characteristic improves the usefulness of financial information in addition to the fundamental characteristics that are already established.
Answer
Verifiability
The final answer is Verifiability
Answer for screen readers
The final answer is Verifiability
More Information
Verifiability helps to ensure the accuracy and reliability of financial information, making it more useful for decision-making.
Sources
- What are the fundamental qualitative characteristics of financial... - universalcpareview.com
- Qualitative Characteristics of Financial Reports - StudySmarter - studysmarter.co.uk
- Conceptual Framework for Financial Reporting | IFRS Foundation - ifrs.org
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