Resolved Question

Pension Liabilities noted in company accounts. Do they give a fair picture?

The liability is based upon the basis that all members wil retire that day and pensions will become payable immediately rather than gradually over a number of years. Surely this is cooking he books a bit and gives a false impression which creates a false reserve which is banned in the Companies Acts

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There are no company accounts which are honest and accurate the accountants/auditors are aware that a bad set of accounts can wreck a company, being aware of that you have to read between the lines,

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