The application of International Financial Reporting Standards, with additional disclosure where necessary, is presumed to result in financial statements that:

A) are unbiased.
B) contain only material items.
C) will result in a fair presentation.
D) are free from error and misstatement.

Fair Presentation

An accounting principle that financial statements should be honest, complete, and conform to accepted standards, providing a true and accurate view of an entity's financial position.

Unbiased

Free from prejudice or favoritism, ensuring fair, impartial, and objective decision-making or presentation.