True and fair view: Difference between revisions
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imported>Doug Williamson m (Amend header.) |
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* [[Generally accepted accounting principles]] | * [[Generally accepted accounting principles]] | ||
* [[Going concern]] | * [[Going concern]] | ||
* [[Judgement]] | |||
* [[Prudence]] | * [[Prudence]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 16:53, 10 March 2021
Financial reporting - accounting concepts.
By law financial statements must give a 'true and fair view'.
This phrase is undefined but depends upon both the application of generally accepted accounting principles and the exercise of judgement.
