Yes, one of the characteristics of financial statements is neutrality.
To be reliable, the information contained in financial statement must be neutral, that is free from bias. Financial Statements are not neutral if by the selection or presentation of information, they influence the making of a decision or judgement in order to achieve a predetermined result or outcome. Financial statements are said to depict the true and fair view of the business of the organization by virtue of neutrality.
Financial
statements are required to show a true and fair view of the
performance, financial position and cash flows of an enterprise. The
conceptual framework does not deal directly with
this concept of true and fair view, yet the application of the principal
qualitative characteristics and of appropriate accounting standards
normally results in financial statements portraying true and fair view of information about an enterprise.