Showing posts with label Audit. Show all posts
Showing posts with label Audit. Show all posts

Thursday, November 24, 2011

What is true and fair view for auditor?

The concept of the 'true and fair view' remained a cornerstone of financial reporting and auditing in the UK; that there had been 'no substantive change in the objectives of an audit and the nature of auditors' responsibilities'; and that the need for professional judgement 'remained central to the work of preparers of accounts and auditors in the UK'.