It is the alignment of the financial statement with compliance to Generally Accepted Accounting Principles (GAAP). The Statement must be free from errors.
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
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
