Section 297 of the Corporations Act states that financial statements must provide a true and fair view of an entity's financial position and performance. However, when compliance with the accounting standards results in financial statements which would not produce a true and fair view, the Corporations Act requires the entity to: a. still comply with the accounting standards and provide additional information in the notes to the financial statements to give a true and fair view O b: request an exemption from the AASB OC not comply with the accounting standards and write a letter to the shareholders explaining the non compliance Od not comply with the accounting standards 621 PM VOU 00 ENG RI O to search hp . & CENOVN 5 6 7 8 9