Under IFRS, which of the following is a fundamental qualitative characteristic of financial information?a.Relevanceb.Reliabilityc.Comparability

a. Relevance: This is one of the fundamental qualitative characteristics of financial information under IFRS. Relevance means that the information provided should be capable of making a difference in the decisions made by users. It should be timely, have predictive or confirmatory value, and be material to the decision-making process.

b. Reliability: This is another fundamental qualitative characteristic of financial information under IFRS. Reliability means that the information provided should be free from error and bias, and it should faithfully represent the transactions and events it purports to represent. It should be verifiable, have a faithful representation, and be neutral.

c. Comparability: Comparability is not considered a fundamental qualitative characteristic of financial information under IFRS. However, it is an enhancing qualitative characteristic. Comparability means that the information provided should be able to be compared with similar information from other entities or periods. This allows users to identify similarities and differences and make meaningful comparisons.

In summary, the fundamental qualitative characteristics of financial information under IFRS are relevance and reliability. Comparability is an enhancing qualitative characteristic.