Here are some qualitative characteristics of useful accounting information: 1. Predictive value 2. Neutral 3. Verifiable 4. Timely Match each qualitative characteristic to one of the following statements. (a) Accounting information should help provide accurate expectations about future events. (b) Accounting information cannot be selected, prepared, or presented to favor one set of interested users over another. (c) The quality of information that occurs when independent observers, using the same methods, obtain similar results. (d) Accounting information must be available to decision-makers before it loses its capacity to influence their decisions. > > > >

Here are some qualitative characteristics of useful accounting information: 1. Predictive value 2. Neutral 3. Verifiable 4. Timely Match each qualitative characteristic to one of the following statements. (a) Accounting information should help provide accurate expectations about future events. (b) Accounting information cannot be selected, prepared, or presented to favor one set of interested users over another. (c) The quality of information that occurs when independent observers, using the same methods, obtain similar results. (d) Accounting information must be available to decision-makers before it loses its capacity to influence their decisions. > > > >

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter14: Completing A Quality Audit

Section: Chapter Questions

Problem 36RQSC

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