An International View of True and Fair Accounting

Since its genesis after the 1947 Companies Act, the concept of a "true and fair view" has produced much debate among professionals. The authors bring together the explanatory and often contentious opinions of key international accountants and lawyers. By including documents that have shaped international usage of that convention, Parker and Nobes provide a useful analysis of the full meaning and effect of a "true and fair view". Considered a "will-o-the-wisp" subject by most academic writers, the concept remains pivotal in much current accounting practice. Nobes and Parker attempt to clarify what international opinion has concluded about this central accounting issue.