Neutrality

1. 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.

2. Tax - regulation.

Regulation in a tax regime - or a regulatory regime - means not distorting markets or decision making by unequal treatment of alternative structures of courses of action.

See also

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