The implications of new accounting and auditing standards for the 'true and fair view' and auditors' responsibilities

The implications of new accounting and auditing standards for the 'true and fair view' and auditors' responsibilities - 2005 - FRC PN 119 .

This paper considers the principal components of the new framework and sets out the FRC's understanding of the impact of that framework on financial reporting and auditing. [Taken from introduction.]