Which qualitative characteristic pertains wholly to the attitude of board members as opposed to being more directly concerned with specific aspects of information contained in the financial statements?
A)Representational faithfulness
B)Verifiability
C)Consistency
D)Neutrality

Question

Quizplus · Accepted Answer

Neutrality is a qualitative characteristic that pertains wholly to the attitude of board members. It requires them to be impartial and unbiased in their preparation and presentation of financial information, and not allow personal beliefs or interests to influence the information. It is not concerned with specific aspects of information contained in the financial statements.

Which Qualitative Characteristic Pertains Wholly to the Attitude of Board