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Fair presentation vs compliance framework Video Details ------------- P5 - Auditing and Ethics Nature, Objective and Scope of Audit #10. Overall Objective of Audit - II
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Refer SA 700 . There are two types of framework, based on presentation n disclosure. Strictly to be adhered is compliance framework. Like BANKS financial statements. Where management is allowed to add or depart from requirements is Fair presentation. Like sch III of companies act. Details u wil get further .
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