Completeness as the Basis of True and Fair View Concept

Ekaterina V. Smirnova (Kazannikova)


In the article the author studies the essence and the role of completeness (as accounting principle); systematises and classifies its different interpretations stated in the Russian and foreign legislative and accounting literature; analyses the drawbacks and regulatory conflicts both in statutory and tax accounting, limiting its practical implementation, outlines theoretical and practical importance of completeness for true and fair recognition and disclosure of events & transactions in the entity`s accounting and financial statements.


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