The financial statement must comply with accounting standards and give TRUE AND FAIR VIEW OF THE FINANCIAL
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The financial statement must comply with accounting standards and give TRUE AND FAIR VIEW OF THE FINANCIAL POSITION AND PERFORMANCE OF THE COMPANY, MANAGED INVESTMENT SCHEME AND CONSOLIDATED ENTITY.
The proforma financial statements must comply with the accounting standards and must be true and correct in all material respects.
Question.Do you agree with the notion of true and fair view? support your answer with justifications?
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