If a company delays publishing its quarterly financials,

Solution

Timeliness refers to how quickly accounting information is made available to users. Delaying reports reduces their usefulness for decision-making, even if the information is accurate or comparable.  There are six qualitative characteristics of accounting information: ● Relevance – how helpful the information is for financial decision-making processes ● Representational faithfulness or Reliability - the extent to which information accurately reflects a company’s financials ● Verifiability - the extent to which information is reproducible given the same data and assumptions ● Timeliness - how quickly information is available to users of accounting information ● Understandability - the degree to which information is easily understood ● Comparability - the degree to which accounting standards and policies are consistently applied from one period to another