'True and Fair' as the Moral Compass of Financial Reporting
RESEARCH ON PROFESSIONAL RESPONSIBILITY AND ETHICS IN ACCOUNTING, Vol. 14, pp. 3-11, Cynthia Jeffrey, ed., Emerald Group Publishing Limited, 2009
Posted: 16 Aug 2011
Date Written: September 15, 2009
Experience with the 75 years of development of, and increasing reliance on, written standards of corporate financial reporting suggests that balancing them with community's social norms may be a better option. “True and fair” override of written standards could serve as the moral compass of financial reporting.
Keywords: financial reporting, true and fair, ethics
JEL Classification: M41
Suggested Citation: Suggested Citation