Thème 2 - Accounting and auditing C Other assumptions Objectivity principle: it is assumed that the transactions being reported are based on objective evidence. Materiality principle: the significance of an item must be considered before it is reported. The materiality threshold very according to the company's size and activity. Consistency principle or comparative information principle: the same accounting methods must be used from period to period. Changes in accounting policies must be disclosed in the footnotes. Fair presentation principle: transactions must be represented fairly. The figures shown on the financial statements should not be misleading. & TECHNICAL TERMS The objectivity principle Objective evidence A threshold The consistency principle The comparative information principle & COMMON TERMS * Common nouns The significance * Common adjectives Misleading * Adverbs and linking words Fairly Le « principe d'objectivité » Des preuves tangibles, des données objectives Un seuil, une limite, un plafond Le « principe de cohérence » Le principe de « comparaison des exercices » L'importance Trompeur, fallacieux, mensonger Assez, équitablement, clairement 120