[Verse 1] Financial statements tell a story clear For investors who need facts to steer Decisions made with capital at stake Transparent data helps them calculate The objective stands like beacon true Useful information coming through [Chorus] Relevant and faithful, that's the way Quality characteristics light the day R-F-C-V, remember what they say Relevant, Faithful, Comparable, Verifiable display Material matters when it sways The users' minds in meaningful ways [Verse 2] Relevance means it makes a difference now Predictive value shows us when and how Confirmatory evidence backs the past Material impact that's built to last If omitting facts would change your mind Then relevance is what you'll find [Chorus] Relevant and faithful, that's the way Quality characteristics light the day R-F-C-V, remember what they say Relevant, Faithful, Comparable, Verifiable display Material matters when it sways The users' minds in meaningful ways [Bridge] Faithful representation shows what's real Complete and neutral with broad appeal Free from error, substance over form Economic essence keeps us warm Comparability across the years Makes trends and patterns crystal clear [Verse 3] Verifiable means that others can Reach similar results with the same plan Timeliness ensures the data's fresh While understandability helps mesh These qualities together as one frame Supporting users in the capital game [Chorus] Relevant and faithful, that's the way Quality characteristics light the day R-F-C-V, remember what they say Relevant, Faithful, Comparable, Verifiable display Material matters when it sways The users' minds in meaningful ways [Outro] Conceptual framework builds the base For financial reporting's measured pace
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