International Federation of Accountants (IFAC) recognizes that, to ensure credibility of information and to protect the interests of users, especially investor’s, development, promotion and strengthening internationally recognized standards are required. But what happens when they are insufficient and incomplete to cover specific cases of economic life? The solution is still the standards, which recommend appealing to professional judgement. In this context, this study addresses the professional judgment, seen as a solution to meet the accounting performance criteria - true and fair view, but as a solution that can be problematic regarding the reliability of financial accounting information.