Objectivity Definition – What is Objectivity?

Accounting Glossary 

Objectivity definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. The term objectivity can be defined as: Concept that prescribes independent, unbiased evidence to support financial statement information. Objectivity is a component that help achieve the goal of reliability of the financial statement, objectivity adding to trust in the process. Factors that help with objectivity include the self-regulation of the accounting profession, regulation and standards like GAAP, and an auditing process.