![]() This is really mean for all type of stakeholders that use financial information. Financial Statements must be true and fair and it is free from any kind of bias. Reliability Principle motivates integrity over financial reporting of an entity. This is how reliable evident from auditor’s perspective. Basically, the information in the financial statements is reliable if that information could be checked, reviewed, and verified by concerning person with objective evidence.įor example, the reliable evidence for financial transactions or event that records in financial statements is including original documents (invoices, contract, receipt, banks statements, etc), information that generates from the third party, or information that prepared by the auditor.
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