Business, Legal & Accounting Glossary
Requirement of UK company law for UK companies not using IASB system.
A True and fair view in accounting (specifically auditing) means that a financial statement is free from material misstatements and faithfully represents the financial performance and positioning of an entity.
The expression that is used by auditors to indicate whether, in their opinion, the financial statements fairly represent the state of affairs and financial performance of a company.
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This glossary post was last updated: 6th January, 2020 | 5,304 Views.