Trending Accounting and Auditing Discussions

Quelle est la différance entre les normes IFRS et ISA ?‎

 

Answer added by  Syed Abid Hussain, General Accountant, MOHSIN HARDWARE TRADING COMPANY
5 years ago

True and fair view in auditing means that the financial statements are free from material misstatements and faithfully represent the financial performance and position o ... See More

 

Answer added by  Vinod Pottayil, INTERNAL AUDITOR, UAE Exchange Centre WLL
5 years ago

We can answer the concept  True and Fair view by dividing it to two like (1) True and (2) Fair (1) True means the financial statements must be prepared by including all f ... See More

 

Answer added by  Kalsoom Fatima, Senior Audit Associate, Fakharuddin Yousafali & Co. Chartered Accountants
5 years ago

Means that the financial statements are free from material misstatements and faithfully represents the financial position and performance of the entity

What is the reverse charge mechanism in UAE VAT and how should you record it in the books of accounts?‎

VAT‎

 

Answer added by  Andrew Kweku Nsiah, ACCOUNTS PERSONEL, MAXMASS LTD.
5 years ago

The term "FREE AND FAIR VIEW" is an opinion of an independent Auditor which subjects that the Books and Accounts of the Client are FREE From Material Mistatemen ... See More

 

Answer added by  Michelle Santos, General Accountant, Zain Capital LCC owned by Lakhraim Business Group
4 years ago

In Auditing, free and fair view refers to Financial Statements which are fairly and appropriately presented and in compliance with GAAP, free from material mistatements a ... See More

How do you calculate accrued liabilities? ‎

a‎

 

Answer added by  Nadim Dagher, Independent Finance and Management Consultant, Independent Freelancer
5 years ago

The term "True and fair view" in auditing means that the financial statements are correct and free from any material misstatements; and that they faithfully rep ... See More

 

Answer added by  Mulutsega Takele, Construction Manager, Mulustega and Amanuel Building Construction
2 years ago

True and Fair is the term used in the audit report of financial statements to express the condition that financial statements are truly prepared and fairly presented by t ... See More