True And Fair View

Business, Legal & Accounting Glossary

Definition: True And Fair View


Quick Summary of True And Fair View


Requirement of UK company law for UK companies not using IASB system.



What is the dictionary definition of True And Fair View?

Dictionary Definition


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.


Full Definition of True And Fair View


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.


Synonyms For True And Fair View


fair picture, accurate image, fair view, fairly, fair presentation

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/true-and-fair-view/
Modern Language Association (MLA):
True And Fair View. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 14, 2020 https://payrollheaven.com/define/true-and-fair-view/.
Chicago Manual of Style (CMS):
True And Fair View. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/true-and-fair-view/ (accessed: July 14, 2020).
American Psychological Association (APA):
True And Fair View. PayrollHeaven.com. Retrieved July 14, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/true-and-fair-view/

Definition Sources


Definitions for True And Fair View are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th January, 2020 | 922 Views.