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.
