Your best friend from high school approaches you to invest in a high-tech company which he is convinced will make huge profits in the future. You are sceptical of the business venture and say that you would have to look up the financial statements of the company before investing your own money. He sends you the financial reports. You notice that they are unaudited and do not provide prior years' results, even though the firm has been operating for the last three years. Based on the above information, which qualitative characteristics is lacking in the financial reports?