Creative accounting is a growing issue of interest in Spain. In this
article we argue that the concept true and fair view can limit or
promote the use of creative accounting depending upon its
interpretation. We review the range of meanings that true and fair
view can take at an international level and compare the experience
of the United Kingdom with the Australian one by analysing the use
of true and fair view to limit creative accounting. Finally, we
suggest lines of action to be ...
Creative accounting is a growing issue of interest in Spain. In this
article we argue that the concept true and fair view can limit or
promote the use of creative accounting depending upon its
interpretation. We review the range of meanings that true and fair
view can take at an international level and compare the experience
of the United Kingdom with the Australian one by analysing the use
of true and fair view to limit creative accounting. Finally, we
suggest lines of action to be considered by the Spanish accounting
standards-setting institutions.
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