Reliability example sentences
The reliability of accounting information is determined by the degree of correspondence between what the information conveys about the transactions or events that have occurred, measured and displayed.To ensure reliability, the information disclosed must be credible, verifiable by independent parties use the same method of measuring, and be neutral and faithful.Accountants should present the comparable information in the most intenlligible manner without sacrificing relevance and reliability.In order to assess whether accounting information is decision useful, it must possess the characteristics of reliability, relevance, understandability and comparability.There are problems associated with the reliability of scoring and validity of interpretations.Reliability means the users must be able to depend on the information.
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