Serious Fraud Office and Neutrality: Difference between pages
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1. ''Financial reporting - accounting concepts.'' | |||
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. | |||
2. ''Tax - regulation.'' | |||
Regulation in a tax regime - or a regulatory regime - means not distorting markets or decision making by unequal treatment of alternative structures of courses of action. | |||
== | == See also == | ||
*[ | * [[Accruals accounting]] | ||
* [[Conceptual framework]] | |||
* [[Faithful representation]] | |||
* [[Financial reporting]] | |||
* [[Neutral]] | |||
* [[Prudence]] | |||
* [[Relevance]] | |||
* [[Substance over form]] | |||
* [[Tax Foundation]] | |||
* [[Tax neutral]] | |||
* [[Useful financial information]] | |||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 12:38, 29 November 2023
1. Financial reporting - accounting concepts.
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.
2. Tax - regulation.
Regulation in a tax regime - or a regulatory regime - means not distorting markets or decision making by unequal treatment of alternative structures of courses of action.
