What is the role of enhancing qualities in the conceptual framework ? Please answer this question don’t just copy and paste. Be specific

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 29GI
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What is the role of enhancing qualities in the conceptual framework ? Please answer this question don’t just copy and paste. Be specific
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Step 1

The four enhancing qualitative characteristics are

1) Comparability

2) Verifiability

3)Timeliness

4)Understandability

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