Neutrality: Difference between revisions
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imported>Doug Williamson (Create page. Source: IAS Plus webpage https://www.iasplus.com/en/standards/other/framework) |
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Revision as of 12:09, 17 February 2019
Financial reporting.
In financial reporting, neutrality means avoiding bias of any kind.
Under the IFRS Conceptual Framework, neutrality is an essential component of 'faithful representation'.
In turn, a neutral representation is supported by prudence.
