Identify Which Qualitative Characteristic of Financial Reports Is Best Described

Multiple Choice

Identify which qualitative characteristic of financial reports is best described in each item below:
The financial reports of Curl Curl Ltd are audited by a chartered accountant.
Curl Curl Ltd and Bondi Ltd both use fair value accounting to recognise financial instruments.
Curl Curl Ltd authorises issue of its financial reports prior to the shareholders' meeting.

A) relevance,comparability,timeliness.
B) reliability,consistency,understandability.
C) reliability,comparability,timeliness.
D) relevance,understandability,comparability.
E) None of the given answers.