E2.

1. Relevance (Predictive value is an ingredient of this fundamental quality of information)

2. Faithful representation
3. Predictive value
4. Confirmatory value
5. Neutrality (Ignores the economic consequences of a standard or rule)
6. Completeness
7. Timeliness

8. Materiality (An item is not reported because its effect on income would not change a decision)

Verifiability (Requires a high degree of consensus among individuals on a given measuremen)

Understandability

Comparability (Qualitative characteristic being displayed when companies in the same industry are using
the same accounting principles)

Free from error