True and fair view: Difference between revisions
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* [[Accounting policies]] | * [[Accounting policies]] | ||
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* [[Consistency]] | * [[Consistency]] | ||
* [[Disaggregation]] | * [[Disaggregation]] |
Revision as of 19:04, 6 November 2021
1. 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.
2. Other reporting - environmental concerns.
Similar principles in other reporting contexts.
For example, the true and fair reporting of greenhouse gas emissions under the Greenhouse Gas Protocol.