Research into the four qualitative characteristics of financial information. essay
This is the first empirical study to use publicly available data to provide direct evidence on the role of the qualitative characteristics of financial information in management. Qualitative features. The characteristics can be thought of as a hierarchy of qualities, as shown in Relevance. and reliability are the two most important qualities that define the. The type of auditor's report 3.6, the use of fair value as a basis for valuation 3. 4, the presence of information that explains the assumptions and estimates made in the financial reporting.