Since its genesis in the 1947 Companies Act, ’a true and fair view’ has produced much debate among professionals. In this book, Parker and Nobes bring together the explanatory and often
contentious opinions of key international accountants and lawyers for the first time.
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 of ’a true and fair view’ remains pivotal in much current accounting practice. Nobes and Parker grasp the nettle and
attempt to clarify what international opinion has concluded about this central accounting issue.
