In the International Accounting Standards Board's (IASB's) Conceptual Framework, qualitative characteristics are considered either relevant or prudent.

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In the IASB's Conceptual Framework, qualitative characteristics are considered either relevant or faithful representation, not prudent. Prudence is a component considered under the enhancing qualitative characteristics, specifically in the context of exercising caution when making judgments under conditions of uncertainty.

In the International Accounting Standards Board's (IASB's) Conceptual Framework, Qualitative