What constraints must be met in order for the information to be relevant and reliable?

Thank you for the invitation

i agree with Mr .soliman

Relevance requires that the financial accounting information should be such that the users need it and it is expected to affect their decisions.

Reliability requires that the information should be accurate and true and fair.

They are *Balance between cost& bebefit *Balance between qualitative aND characteristics *Pudenc *Neutrality *Completeness

 

1.Neutrality

 

2.Faithful Representation

 

3.Prudence

 

4.Completeness

 

Timeliness

Faithful representation

Cost effective

Verifiable

Free from bias