It would appear that capital markets can adjust for the effects of different accounting practices. If this
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It would appear that capital markets can adjust for the effects of different accounting practices. If this is so, is there any need for the main financial statements to give a true and fair view, provided they are accompanied with detailed notes of accounting policies and other supporting information so that readers can adjust the figures for themselves? How would this affect the role of the auditor?
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While its true that capital markets can adjust for the effects of different accounting practices to some extent the need for financial statements to p...View the full answer
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