Fair Presentation

Fair Presentation

In International Accounting Standards, the requirement for companies not to obfuscate their financial statements so as to mislead shareholders or the wider market.
References in periodicals archive ?
Additive manufacturing will also form a focus of this year's trade fair presentation.
Due to the non-payment of the loan, it has been dormant for more than 20 years, hence affected the fair presentation of the account Due to National Government Agencies (NGAs) in the financial statement of the province," the audit report said.
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Following this assessment, the fair presentation of asset value in the credit institution's financial statements showed a full loss of its equity capital.
to audit the company's balance sheet and income statement, citing the need to 'ensure fair presentation of financial statements and establish accountabilities.
For other breaches, the remedies are based on what the insurer would have done if the breach had not taken place and the insured had made a fair presentation of the risk.
Where the underlying insurance policy is governed by English law, there is a risk that a reinsured might find itself in breach of its duty to give a fair presentation to its reinsurers, and therefore without reinsurance, yet still be liable to the underlying policyholder.
to a fair presentation are only those that are "material",
In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the unaudited periods have been made.
Management is responsible for the preparation and fair presentation of these combined financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of combined financial statements that are free from material misstatement, whether due to fraud or error.
68 is deferred, governments in multiple-employer pension plans can expect to receive a modified opinion on the fair presentation of their financial statements, through no fault of their own or of their independent auditor.
Management is responsible for the preparation and fair presentation of this schedule in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the schedule that is free from material misstatement, whether due to fraud or error.