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標題: TRUE AND FAIR 同true and correct 的分別 [打印本頁]

作者: 大窮鬼 時間: 2007-10-28 22:38 標題: TRUE AND FAIR 同true and correct 的分別

plz help me.................

作者: 師父 時間: 2007-10-30 11:41

full GAAP uses TRUE AND FAIR
141D uses true and correct.

difference ? hell knows !!

作者: icing 時間: 2007-11-7 03:10

Fair doesn't mean it's correct......

作者: gunman_keung 時間: 2007-11-7 12:09

引用:

原帖由 icing 於 2007-11-7 03:10 發表
Fair doesn't mean it's correct......

"True and Fair" usually applied to "System audit" - minor error is acceptable - in view of "Materiality"

"True and Correct" usually applied to "Balance Sheet audit" - no error is acceptable - "absolute correct" ................

作者: 大窮鬼 時間: 2007-11-8 01:37

引用:

原帖由 gunman_keung 於 2007-11-7 12:09 發表

"True and Fair" usually applied to "System audit" - minor error is acceptable - in view of "Materiality"

"True and Correct" usually applied to "B ...

thz thz//////////////////

作者: 5984 時間: 2007-12-4 22:09

引用:

原帖由 gunman_keung 於 2007-11-7 12:09 發表

"True and Fair" usually applied to "System audit" - minor error is acceptable - in view of "Materiality"

"True and Correct" usually applied to "B ...

I don't think so.
Both "true and fair" & "true and correct" are required by the Companies
Ordinance.
Yet, legally speaking, there is no strict definition between two, but, as far
as I know, the requirement under "true and fair" shall a bit higher than
"true and correct".

"True and fair" applies to accounts not applying s.141D (in legal sense)
while it is specified in s.141D that accounts prepared under this section
shall be presented in "true and correct". As we understand that
companies not adopting s.141D will use "normal GAAP' which the
requirement is higher than "SME GAAP", hence it is assumed that
accounts under "true and fair" shall be "more acceptable" than "true
and correct".

Welcome to discuss.

作者: 師父 時間: 2007-12-6 16:51

think about it.
it makes no difference to the client, who knows shit
it makes no difference to the auditor, who just pretend he has done the work
it makes no difference to the manager, who just sign the account

so they must be the same

作者: peninsula 時間: 2007-12-6 22:14

引用:

原帖由師父於 2007-12-6 16:51 發表
think about it.
it makes no difference to the client, who knows shit
it makes no difference to the auditor, who just pretend he has done the work
it makes no difference to the manager, who just ...

You are so right!

作者: kkkhkkk 時間: 2008-1-13 23:10

There is no absolute in ACcounting

作者: sobad 時間: 2008-2-10 20:18

提示: 作者被禁止或刪除內容自動屏蔽

作者: peninsula 時間: 2008-2-11 19:33

引用:

原帖由 kkkhkkk 於 2008-1-13 23:10 發表
There is no absolute in ACcounting

No absolute in anything!

作者: hehehaha123 時間: 2008-2-21 03:05

thx..........

作者: Ricky仔 時間: 2008-4-2 00:07

引用:

原帖由師父於 2007-12-6 08:51 發表
think about it.
it makes no difference to the client, who knows shit
it makes no difference to the auditor, who just pretend he has done the work
it makes no difference to the manager, who just ...

as my experience, there are difference to banker

作者: peninsula 時間: 2008-4-2 23:46

引用:

原帖由 Ricky仔 於 2008-4-2 00:07 發表
as my experience, there are difference to banker

What do you mean?

作者: Ricky仔 時間: 2008-4-7 00:54

banker通常會覺得true & fair係理所當然,而true & correct就有d問題,當然,如果你果間公司同banker唔多接觸既,唔係問題.

以上只係小弟少少意見,唔啱唔好見怪.

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