The pair of general principles of reporting that often result in a trade-off are:
A)understandability and reliability.
B)timeliness and reliability.
C)materiality and relevance.
D)comparability and materiality.

Question

Quizplus · Accepted Answer

Timeliness and reliability often result in a trade-off in reporting. To report information in a timely manner, there may be a compromise on the reliability of the information. Conversely, to ensure the reliability of the information, there may be a delay in reporting which impacts timeliness.

The Pair of General Principles of Reporting That Often Result