These qualitative characteristics were revised in 2010 by the International Accounting Standards Board (IASB) and FASB (FASB 2010; IASB 2010). As a result, it is now a hierarchy of qualitative characteristics: fundamental and enhancing.
These qualitative characteristics were revised in 2010 by the International Accounting Standards Board (IASB)and FASB (FASB 2010; IASB 2010). As a result, it is now a hierarchy of qualitative characteristics: fundamentaland enhancing.