ICSAN Financial Accounting Practice Questions - ICSAN Professional Programme I - Financial Accounting Exam

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According to the IASB Conceptual Framework for Financial Reporting, which qualitative characteristics are classified as fundamental qualitative characteristics?

Relevance and Faithful Representation Relevance and Materiality Comparability, Verifiability, Timeliness, and Understandability Faithful Representation and Conservatism

Correct Answer:

Relevance and Faithful Representation

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