The concept of true and fair view

The concept of true and fair view

The concept of true and fair has provided much controversy since the coinage of a similar term “true and fair” in UK statute in 1844. The controversy can be attributed to the absence of a specific definition for “true and fair”. In interpreting of the truth and fairness of financial statements, the...

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Bibliographic Details
Main Authors: Chin, Selina Lu Huey, Leung, Stefenie Wei Fun, Ng, Hwee Ling
Other Authors: Nanyang Business School
Format: Final Year Project
Language:English
Published: 2014
Subjects:
DRNTU::Business::Accounting
Online Access:http://hdl.handle.net/10356/55553
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Institution: Nanyang Technological University
Language: English
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Summary:The concept of true and fair has provided much controversy since the coinage of a similar term “true and fair” in UK statute in 1844. The controversy can be attributed to the absence of a specific definition for “true and fair”. In interpreting of the truth and fairness of financial statements, the auditors are required to exercise their professional judgement.

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