Transposing the "true and fair view" Concept in the legislation of Hungary and Poland in the context of EU enlargement

This article examines the transposition of the "true and fair view" requirement of the Fourth and Seventh Company Law Directives into the legal systems of Hungary and Poland in the context of the preparation for accession to the European Union. In doing so, the study contributes to the general debate on the adoption of the acquis of the Union by the candidate member states by focusing on a concept which is distinguished by the lack of a common definition at the level of the EU, by significant divergence in its transposition in the different current member states, and by its close link with wider aspects of ancounting tradition, institutional development, and legal culture. At the same time, by drawing on previously conducted research on the transposition of the concept in the legislation of EU member states and in some candidate member states, we aim to contribute to the picture of the state of accounting harmonisation within the (enlarged) Union.