True and Fair View: Court of Appeal decision

On the Indian Corporate Law blog, I recently highlighted a decision of the Court of Appeal in Macquarie International Investments v. Glencore, [2010] EWCA Civ 697, on the ‘true and fair view’ in auditing. Shantanu Naravane had discussed the decision of the High Court in the same case in detail earlier, and that decision has now been upheld. The issue has been previously considered on this blog here.