The need to make future-oriented rather than past information available to users has arisen due to the competitive environment and in the context of accelerating the globalization process. Organizations are required to develop new strategies to remain competitive in the long term. Organizations are encouraged to integrate and get involved in social responsibility issues. Regulating the information provided by organizations is an important step in reducing their asymmetry, by identifying the types of information that stakeholders need. The regulation of financial-accounting information has four main qualitative characteristics such as intelligibility, relevance, credibility and comparability.
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