Define timeliness as an enhancing qualitative characteristic?

Timeliness as an enhancing qualitative characteristic refers to the information being provided in a timely manner, allowing users to make decisions based on current and relevant data. Timeliness enhances the quality of financial information by ensuring that it is up-to-date and reflects the most recent events and transactions. This characteristic helps users to rely on the information for decision-making purposes and increases the usefulness and relevance of the information provided.