True and fair view: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Spacing 14/8/13) |
imported>Doug Williamson m (Category added 8/10/13) |
||
| Line 9: | Line 9: | ||
* [[Accounting policies]] | * [[Accounting policies]] | ||
* [[Generally accepted accounting principles]] | * [[Generally accepted accounting principles]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | |||
Revision as of 10:58, 8 October 2013
Accounting.
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.
