The quality of information can be defined as the main properties that must be characterized
by the useful accounting information; therefore the determination of these properties is a link
between the stage of foal setting and other constituents of the conceptual framework of
accounting. Also, these properties will be great benefit to both those responsible for the
development of appropriate standards as well as those responsible for the preparation of
financial reports to assess the quality of the information that results from the application of
alternative methods and techniques.