The Framework issued by the IASB suggests that to show a true and fair view the information

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The Framework issued by the IASB suggests that to show a true and fair view the information in financial statements should:

(a) Comply with Accounting Standards and possess suggested qualitative characteristics

(b) Be an accurate and full record of transactions within each accounting period

(c) Not be so drawn that it could mislead users

(d) Be prepared on a consistent basis from year to year

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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