The Qualitative Characteristics Describe the Attributes That Enhance the Usefulness

The qualitative characteristics describe the attributes that enhance the usefulness of financial reporting information.The FASB's conceptual framework sets forth the qualitative characteristic of _____ envisions that the nature of the information is relevant and that its effect is large enough to influence a decision. As standard setters make decisions about financial reporting standards, they consider the costs and benefits of those standards.They assess whether the benefits to users of financial reports from a particular financial reporting requirement exceed the costs of providing the information.

A) relevance
B) reliability
C) comparability
D) materiality
E) understandability