True and fair view: Difference between revisions
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imported>Doug Williamson m (Amend header.) |
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'' | ''Financial reporting - accounting concepts.'' | ||
By law financial statements must give a 'true and fair view'. | 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. | This phrase is undefined but depends upon both the application of generally accepted accounting principles and the exercise of judgement. | ||
Revision as of 14:15, 29 October 2020
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.
