Define the four enhancing qualitative characteristics?

1. Relevance: Information is relevant if it is capable of influencing the economic decisions of users by helping them evaluate past, present, or future events or by confirming or correcting their past evaluations.

2. Faithful representation: Information is faithfully represented if it is complete, neutral, and free from error. This means that the information accurately reflects the underlying economic substance of the transactions, events, or conditions it purports to represent.

3. Comparability: Information is comparable if it can be compared with similar information about other entities or with similar information about the same entity for different periods. This allows users to identify similarities and differences and make informed decisions based on those comparisons.

4. Verifiability: Information is verifiable if different knowledgeable and independent observers could reach a consensus that the information faithfully represents the economic substance of the transactions, events, or conditions it purports to represent. This enhances the credibility and reliability of the information.