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Home > QFINANCE Dictionary > Definition of true and fair view

Definition of

true and fair view

Accounting

auditor-confirmed statement of firm's financial position a correct statement of a company's financial position as shown in its accounts and confirmed by the auditors

Recommended Further Reading (Term count)
  • Auditing Islamic Financial Institutions
    by Roszaini Haniffa
    The purpose of the statutory or financial statement audit is to enhance the degree of confidence of intended users of the financial statements as to whether the financial statements are prepared in accordance with an applicable financial reporting framework. The most widely accepted and adopted auditing standards are those issued by the International Federation of Accountants (IFAC).Following the emergence and phenomenal growth of Islamic...
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Definitions of ’true and fair view’ and meaning of ’true and fair view’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’true and fair view’ and other financial terms with our online QFINANCE Financial Dictionary.

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