Soru
__ and verifiability are the components of reliability. a. Materiality b. Predictive value c. feedback value d. Representati ional faithfulness c C c C C
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Kıdemli · 9 yıl öğretmeniUzman doğrulaması
Cevap
The correct answer is:<br /><br />d. Representational faithfulness<br /><br />Reliability in accounting and auditing refers to the consistency and dependability of financial information. Representational faithfulness is one of the components of reliability, along with verifiability. Representational faithfulness means that the financial information accurately represents the economic phenomena it purports to represent. It ensures that the financial statements provide a true and fair view of the company's financial position and performance.
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