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Can you explain the concept of True and Fair presentation ?

Auditing
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/11/05
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Abde Saeed
by Abde Saeed , Senior Accountant , Al Hejjen Group

True & fair presentation means Financial statements are free from all eror & fraud.

Also Financial statements shows the true picture to investors, public & all stakeholders in every terms majorly accounting. Accounts are prepared on the basis of true accounting concept, IAS, IFRS and all qualitative disciplines

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