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The purpose of this Statement is to explain the meaning of the phrase "present fairly... in conformity with generally accepted accounting principles" in the independent auditor's report.
Auditing -- Standards -- United States; Financial statements -- United States -- Auditing; Auditors' reports -- Standards -- United States
Accounting | Taxation
American Institute of Certified Public Accountants. Auditing Standards Executive Committee, "Meaning of "present fairly in conformity with generally accepted accounting principles" in the independent auditor's report; Statement on auditing standards, 005" (1975). Statements on Auditing Standards. 50.