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Original Articles

True and fair view: a UK auditor's perspective

Pages 705-709 | Published online: 07 Dec 2010
 

Abstract

The article reviews discussions which took place among audit regulators in the UK concerning the true and fair view in the context of an unpublished draft definition. It suggests that the term can be understood in relation to user needs for information and as such could apply to any accounting information of any kind. It notes that in practice the term has, over time, become associated exclusively with accounts prepared in compliance with financial reporting rules currently in force

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