Difference between language and present fairly statement

Assignment Help Management Theories

Reference no: EM131380061

In Europe, the audit reports use the expression "true and fair view" to characterize the results of the audit. Do you think there is a meaningful difference between that language and the "present fairly" statement made in U.S. audit reports?

As a user of the financial statements in each instance, does one expression more than the other give you a greater comfort level with respect to the conformity of the financial statements with GAAP? Why or why not?

Reference no: EM131380061

Questions Cloud

Professional skepticism and josephsons six pillars : What is the link between professional skepticism and Josephson's Six Pillars of Character that were discussed? Given the limited information, which rules of professional conduct in the AICPA Code were violated by EY? Explain why.

Describe the w''s for these data : Create parallel boxplots as best you can from these summary statistics to display these results.

Discuss about the case-charleston manufacturing company : Charleston Manufacturing Company is a South Carolina producer of four sizes of high-quality, solid oak picture frames; the Small, the Medium, the Large and the Extra Large. The flow of work-in-process (dashed arrow lines) through the six producti..

Describe the importance of organizational climate : Describe the importance of organizational climate and motivation and describe Kelley's model of effective followership (moving between roles).

Difference between language and present fairly statement : As a user of the financial statements in each instance, does one expression more than the other give you a greater comfort level with respect to the conformity of the financial statements with GAAP? Why or why not?

Compute runtime of an average exhaustive key-search on des : Compute the runtime of an average exhaustive key-search on DES assuming the implementational details. How many COPACOBANA machines do we need in the case of an average search time of one hour?

Write a brief description of the school''s mail deliveries : What percent of the days actually lie within one standard deviation of the mean? Comment.

Describe the power types from the french : Describe leader power, follower motivation, and the aspects of effective followership and provide an overview of influence and the major process and content motivational theories.

Types of electric pencil-sharpener producers : There are two types of electric pencil-sharpener producers. “High-quality” manufacturers produce very good sharpeners that consumers value at $14. “Low-quality” manufacturers produce less good ones that are valued at $8. Suppose that the sale of low-..

User Account

All Pages