present fairly

present fairly definition - business

present fairly

The standard for an independent auditor's presentation of financial statements according to generally accepted accounting principles. The auditor's report offers an opinion as to whether the financial statements present fairly the firm's financial position, results of operations, and cash flow.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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