fair presentation


fair presentation
A term used in external auditing in the United States to refer to *financial statements that portray underlying economic conditions in an accurate, reliable, honest, and Understandable manner. External auditors are required to give an *audit opinion on the extent to which financial statements fairly present underlying economic circumstances. See also *Generally Accepted Accounting Principles.

Auditor's dictionary. 2014.

Look at other dictionaries:

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