If in the directors' opinion compliance with accounting standards will not provide a true and fair view, then a reporting entity must also provide:

Question

Quizplus · Accepted Answer

When compliance with accounting standards will not provide a true and fair view, additional information must be provided in the notes to the financial statements to ensure that users have a complete understanding of the financial position and performance of the reporting entity. The other options, such as a concise financial report, a letter of explanation from the auditors, or a letter of explanation from the most senior financial officer, may not provide sufficient information and context to address the issue.

If in the Directors' Opinion Compliance with Accounting Standards Will