Company Accounts Mr. Cousins To ask the Secretary of State for Trade and Industry if he will consult the Financial Reporting Council and other interested parties on the need for a statutory definition of true and fair in company accounts. Mr. Redwood [holding answer 21 June 1990]: It is generally considered that the concept of "a true and fair view" is not readily susceptible of definition in a manner suitable for inclusion in a statute. However, I will draw the hon. Member's question to the attention of the Financial Reporting Council.