It's Not What You Say, But the Way that You Say It
Article Abstract:
A difference in expectations of the audit report in Great Britain exists between that of the Companies Act of 1967 and that required by the Institute of Chartered Accountants in England and Wales. There are two points of difference with the Institute requiring references to supplementary financial statements and a reference to the accounting conventions used. Some accountants have been using the reference to accounting conventions cloaked in a reference to its 'true and fair' opinion. This qualified view may be with the motive of protection of the auditor. Examples of statement wording and their possible ramifications are considered. It is argued that the motive for the inclusion was to inform readers of the method by which 'profit' was determined, not to qualify 'true and fair'. The legal interpretation is unknown.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1984
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Clearing the air in Los Angeles
Article Abstract:
Ozone levels and smog levels in Los Angeles, CA, have fallen since the 1970s as a result of pollution research and control efforts that began in the 1940s. Pollution-control measures include reducing certain pollutants and using technologies that do not pollute the air.
Publication Name: Scientific American
Subject: Science and technology
ISSN: 0036-8733
Year: 1993
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Rules, regs and red tape: your finance questions answered
Article Abstract:
In Indiana, there is no penalty if a house was ceded to a sibling who owned an equity stake in it and had resided there for a minimum of one year. Hence, Medicaid applications would not be rejected or delayed and no lien will be fixed on the house.
Publication Name: New Choices: Living Even Better After 50
Subject: Seniors
ISSN: 1085-1003
Year: 1998
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