Suggestions(5)
Exact(10)
On federal constitutional questions that were not fairly presented to the court whose judgment is being reviewed, we have prudently declined to express an opinion.
But that debate depends on having both positions fairly presented and on encouraging discussion -- something Tribe's review manifestly does not do.
Our opinion indicated that Lehman's financial statements for that year were fairly presented in accordance with Generally Accepted Accounting Principles (GAAP), and we remain of that view".
"Simply put, the court does not think there is sufficient time (14 days) for all of these issues to be fairly presented to the court given that deadline," Baum wrote.
British takeover code says that statements made "during the course of an offer must be prepared with the highest standards of care and accuracy and the information given must be adequately and fairly presented".
So even if Lehman is liable for violating GAAP, concluded Judge Kaplan, the question boils down to whether Ernst "knew enough about Lehman's use of Repo 105s to 'window-dress' its period-end balance sheets to permit a finding that E&Y had no reasonable basis for believing that those balance sheets fairly presented" the company's financial condition.
Similar(49)
Its requirement that finance chiefs certify that the periodic report "fairly presents" the company's financial condition makes no mention of American generally accepted accounting principles (GAAP).
Audit committees must understand what and why critical accounting principles were chosen, how they were applied, and have a basis for believing that the end result fairly presents their company's actual status.
The accounting oversight board is also expected to ask if it is time to end the "one grade fits all" audit model, in which every company is deemed to "fairly" present its results.
One of the most high-profile of these is a new requirement that chief executives and chief financial officers of America's biggest companies confirm, with their own signatures, that their financial report "fairly presents" the condition of their companies.
A ruling from Judge Werlein as to whether the erasures and other alleged misconduct by MMAR prevented the newspaper from fully and fairly presenting its case, is pending.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com