Inrelationtothemeaningof“trueandfair,isthefollowingstatementtrueorfalse?ThereisnodefinitionintheinternationalstandardsonAuditingoftrueandfair,butitisgenerallyconsideredtohavethefollowingmeaning:True:Factual,conformswithaccountingstanardsandrelevantlegislationandagreeswithUnderlyingrecords.Fair:Clear,impartialandreflectsthecommercialsubstanceofthetransactionsoftheentity.
