Examlex
Match the following:
-Change and acquisition
Materiality
An accounting and auditing principle referring to the significance of transactions or information that could influence the decision-making of users of financial statements.
Financial Information
Data about a company's financial activities, including income, expenses, assets, liabilities, and equity, used by stakeholders to make informed decisions.
Omission
The act of leaving out or neglecting to include or do something, often resulting in incomplete information or tasks.
Qualitative Characteristics
Attributes that make the information provided in financial statements useful to users, such as relevance and reliability.
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