Which of the following is an enhancing characteristic of useful financial information?

Verifiability is indeed considered an enhancing characteristic of useful financial information. Enhancing characteristics are those that improve the usefulness of financial information that is already relevant and faithfully represented. Verifiability ensures that different knowledgeable and independent observers can reach a consensus that a particular depiction is a faithful representation, meaning it can be checked and confirmed.

In the context of financial reporting, verifiability enhances the credibility of the information provided. For example, if financial statements are based on verifiable data such as transactions that can be substantiated by invoices or contracts, users of the financial statements can have more confidence in their accuracy.

Materiality, on the other hand, relates to the significance of information and its impact on users' decisions, rather than enhancing the reliability or verifiability of the information itself. Faithful representation focuses on the accuracy and completeness of the information presented, ensuring it reflects economic reality. Neutrality pertains to the absence of bias in financial reporting, promoting fairness. While all these characteristics are important, verifiability specifically serves as an enhancing characteristic that boosts the reliability and usefulness of information that is communicated to stakeholders.