The Corporations Act requires the accounts of a company to convey which type of view?
A)fair and correct
B)true and correct
C)true and fair
D)true and unbiased

Question

Quizplus · Accepted Answer

The Corporations Act requires the accounts of a company to convey a "true and fair" view of its financial performance and position. This means that the accounts must present information that is not only accurate but also unbiased and free from any material error, misstatement, or omission. The "fair" element ensures that the accounts do not mislead or deceive the users of the information, such as shareholders, creditors, or regulators. Therefore, option C is the most appropriate choice.

The Corporations Act Requires the Accounts of a Company to Convey