Which of the following is not considered a characteristic of effective financial reports?

Effective financial reports are designed to provide useful information to users, and several key characteristics enhance their utility. Comparability allows users to identify and understand similarities and differences between financial reports from various entities, aiding in informed decision-making. Timeliness ensures that information is available when it is needed, which is essential for assessing current conditions and making economic decisions promptly. Relevance indicates that the information provided contributes to the decision-making process, helping users to evaluate their options effectively.

Ease of access, while important for users to access information, is not typically categorized as a primary characteristic of effective financial reports. Financial reports are often formatted in specific ways and distributed through formal channels that may not emphasize ease of access in the same way that comparability, timeliness, and relevance are emphasized. Thus, while having easy access to financial reports is beneficial, it does not directly relate to the effectiveness of the reports themselves as it does not inherently improve the quality or usefulness of the financial information presented.