Neutrality

Financial reporting - accounting concepts.

In financial reporting, neutrality means avoiding bias of any kind.

Under the IFRS Conceptual Framework, neutrality is an essential component of 'faithful representation'.

In turn, a neutral representation is supported by prudence.

See also

• Accruals accounting
• Conceptual framework
• Faithful representation
• Financial reporting
• Neutral
• Prudence
• Relevance
• Substance over form
• Useful financial information