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What are the main steps to verify whether financial statements are true and fair?

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Question added by Deleted user
Date Posted: 2017/07/09
Khaliq Raza MBA   MS   CFE  AFA
by Khaliq Raza MBA MS CFE AFA , Finance Manager , Vertex Trading

We Can randomlly pick the Values of Financial statements and demand of their supporting materials. We can reconcile many things thats mentioned in the financials like Cash, Bank, A/R, A/P, Inventory, Retained earning. If the supporting material (Notes) justify these vales then ok, otherwise they did the windoe dressing for gaining their financial benefits. Thanks

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