Fair and reliable performance information reported. Performance information should be fair, valid, reliable and understandable. Fair information presents a balanced and timely picture of how well performance has been in relation to expectations, including cases where key expectations have not been met. Reliable information can be validated. The reliability that can be placed on the performance information should be indicated in the report, by presenting such information as the method of data collection and verification, or whether the data are estimates or actuals.
Valid information is an accurate representation of what it purports to measure.
It is essential that adequate explanatory and interpretive material is included in the report so that the reader can understand the relevance and importance of the measures provided and the context in which performance has been accomplished or not. Understandable performance information allows the intended reader to see readily and clearly what results were expected and the extent to which they have been achieved.