Under Statement of Financial Accounting Concepts No.2,the ability through consensus of measures to ensure that information represents what it purports to represent is an example of the concept of
A)Relevance
B)Verifiability
C)Representational faithfulness
D)Feedback value

Question

Quizplus · Accepted Answer

Representational faithfulness is the concept that information should represent what it purports to represent. This means that the information should be accurate, complete, and unbiased.