“True and fair” as the moral compass of financial reporting

Abstract

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.

Citation

Sunder, S. (2010), "“True and fair” as the moral compass of financial reporting", Jeffrey, C. (Ed.) Research on Professional Responsibility and Ethics in Accounting (Research on Professional Responsibility and Ethics in Accounting, Vol. 14), Emerald Group Publishing Limited, Leeds, pp. 3-11. https://doi.org/10.1108/S1574-0765(2010)0000014004