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Faithful presentation is one on the two primary fundamental qualitative characteristics for financial information to be useful. According to the IASB conceptual framework, a financial
Faithful presentation is one on the two primary fundamental qualitative characteristics for financial information to be useful. According to the IASB conceptual framework, a financial report is faithfully presented if it is:
Select one:
a. consistent, free from bias and free of material error.
b. accurate, free from bias and free of material error.
c. complete, neutral and free of material error.
d. reliable, neutral and free of material error.
which one is true?
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