A term used in audit reports to describe essential characteristics of a financial statement: sufficient disclosure, reasonable detail, and absence of bias. If these qualities are present in a financial statement, it presents fairly the financial condition of a company.
Related information about present fairly:
- Present Fairly: Definition from Answers.com
Term used in the auditors report where there exists sufficient disclosure, reasonable detail, and absence of bias.
- AU 411 The Meaning of Present Fairly in - Public Company ...
An independent auditor's report contains an opinion as to whether the financial statements present fairly, in all material respects, an entity's financial position, ...
- The Meaning of Present Fairly in Conformity With ... - the AICPA
The Meaning of Present Fairly in Conformity With GAAP. 557. AU Section 9411. The Meaning of Present Fairly in Conformity. With Generally Accepted ...
- present fairly - Business Definition
present fairly definition: The standard for an independent auditor's ... The auditor's report offers an opinion as to whether the financial statements present fairly the .
- What is present fairly? definition and meaning
Definition of present fairly: A term used in audit reports to describe essential characteristics of a financial statement: sufficient disclosure, reasonable detail, and ...
- The Primacy of “Present Fairly” in the Auditor's Report*
Keywords Auditing standards; Auditor's report; Present fairly ... two elements in the phrase “present fairly in conformity with generally accepted account- ...
- What Is "Fairly Present" In An Audit Report?
Origin in the United States of the term “present fairly” in the standard form of the auditor's report may be traced to the report of a special committee set up in 1932 ...
- Auditor's report - Wikipedia, the free encyclopedia
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 20XX, ...