by
Shashitha Gunasinghe , Assistant Manager (MIS & Compliance Management) , Dart Global Logistics (Pvt) Ltd
True and Fair View of Financial Statements means that,
Financial statement should be free from material misstatements and faithfully represents the performance, financial position and cash flows
by
Khalid Abbasher , Chief Financial Officer , Alanfal group for hypermarkets
True implies that the financial statements are free from material error or misstatements.
Fair if it is free from undue bias. An audit report is fair if it considers all stakeholders involved. Here, the auditor does not favor particular stakeholders to the detriment of others
by
THOMAS JOHN , Head of Finance (Family Office) , Themaar Investment LLC
Financials Statement cannot be absolutely correct since there is an an element of assumptions considered for certain transaction. Thus, when an auditor certifies a set of financials as true and fair it means that the financials does not contain any material misstatements.
by
Renante Antonio , Accountant General , B. & R. Dora International DMCC
In Auditing, free and fairview refers to Financial Statements which are fairly and appropriately presented and in compliance with GAAP, Generally Accepted Accounting Principles, free from material mistatements and faithfully represent the Company's financial performance and position.
by
Renante Antonio , Accountant General , B. & R. Dora International DMCC
In Auditing, free and fairview refers to Financial Statements which are fairly and appropriately presented and in compliance with GAAP, Generally Accepted Accounting Principles, free from material mistatements and faithfully represent the Company's financial performance and position.
by
Renante Antonio , Accountant General , B. & R. Dora International DMCC
In Auditing, free and fairview refers to Financial Statements which are fairly and appropriately presented and in compliance with GAAP, Generally Accepted Accounting Principles, free from material mistatements and faithfully represent the Company's financial performance and position.
by
Renante Antonio , Accountant General , B. & R. Dora International DMCC
In Auditing, free and fairview refers to Financial Statements which are fairly and appropriately presented and in compliance with GAAP, Generally Accepted Accounting Principles, free from material mistatements and faithfully represent the Company's financial performance and position.
by
Renante Antonio , Accountant General , B. & R. Dora International DMCC
In Auditing, free and fairview refers to Financial Statements which are fairly and appropriately presented and in compliance with GAAP, Generally Accepted Accounting Principles, free from material mistatements and faithfully represent the Company's financial performance and position.
Thus,true and fair view in auditing means that the financial statements are free from material misstatement and faithfully represent financial performance of the entity , the financial conduct of the company is up to date.
by
Ehab Samy , Chief Financial Officer CFO , Egyptian International Company
To present the honest and fair: The auditor has covered all the duties and conditions of the audit process, including tests and other audit tools, and then expresses an impartial technical opinion without bias to any pressures according to the results he reached, whether he is an opinion with reservations or not, without any pressure from any side, whether from the administration Or the shareholders.
