A company's Management Information System (MIS) generates a monthly exception report flagging all employees whose gross pay exceeds ₦500,000. Under the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended), the employer is required to deduct PAYE tax at source. Which characteristic of good information does this exception report BEST demonstrate?

An exception report is specifically designed to highlight only those items that deviate from a set threshold, thereby providing management with relevant information that requires their attention rather than overwhelming them with all data. While the report may also be timely and accurate, the defining characteristic of an exception report is relevance — presenting only actionable information.