The Timeliness principle emphasizes what aspect of reporting?

The Timeliness principle underscores the importance of providing information in a manner that enables stakeholders to make informed decisions effectively. Regular availability of reports is crucial because it allows decision-makers to access current and relevant data rather than relying on outdated information. This principle stresses that information should be delivered at appropriate intervals to maintain its relevance and utility for users, thereby facilitating proactive and informed decision-making processes.

In contrast, publishing reports only when all data is completely finalized may lead to significant delays and hinder timely decision-making. A focus on retrospective reporting would negate the need for real-time or regular updates, making information less useful for making immediate decisions. Allowing reports to be published anytime without specific scheduling could result in inconsistency and a lack of reliability, making it challenging for stakeholders to know when to expect updates or how to rely on the information provided.