The concept of true and fair view

• 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
• Institution: Nanyang Technological University

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...