In the Conceptual Framework, materiality is an aspect of:
A) verifiability.
B) faithful representation.
C) understandability.
D) relevance.

Question

Quizplus · Accepted Answer

Materiality is an aspect of relevance, as it relates to the significance or importance of information in influencing the decisions of users. Verifiability relates to the ability to confirm the accuracy of information, faithful representation relates to the completeness and neutrality of information, and understandability relates to the ease with which users can comprehend the information presented.

In the Conceptual Framework, Materiality Is an Aspect Of