provides that accounting for a business should be fair and reasonable. Accountants are required in their work to make evaluations and estimates, to deliver opinions, and to select procedures. They should do so in a way that neither overstates nor understates the affairs of the business or the results of operation.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). conservatism principle. Retrieved September 22, 2026, from http://smartdefine.org/conservatism_principle/definitions/1150527 |
| Chicago | Barry Goldsmith. 2010. "conservatism principle" http://smartdefine.org/conservatism_principle/definitions/1150527 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, conservatism principle, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/conservatism_principle/definitions/1150527>. |
| MLA | Barry Goldsmith. "conservatism principle" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/conservatism_principle/definitions/1150527> |