Review IFRS Basic Concept 2


According to IASB Framework of Preparation and Presentation of Financial Statements, the fundamental qualitative characteristics of relevance includes
Choice A – Predictive value and Feedback value
Choice B – Verifiability, Neutrality and Faithful representation
Choice C – Predictive value and Confirmatory value
Choice D – Comparability and Timeliness

Choice "C" is correct as the IASB Framework provides that the relevance includes the qualities of predictive value and confirmatory value.