Accounting Dictionary
Conceptual Framework
There are certain qualities that make data useful. The IASB, International Accounting Standards Board, refers to these qualities as a Conceptual Framework.
These qualities include relevance, materiality, faithful representation, verifiability, comparability, timeliness, and understandability.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/conceptual-framework/
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