Party disclosures used by ias 24, Auditing

Party Disclosures used by IAS 24

IAS 24 utilized the following related party disclosures that

1. Nature of relationships between subsidiaries and parents, even whether there were no transactions among those related parties;

2. The identification of the entity's parent and, the ultimate, whether different controlling party;

3. Compensation of main key management personnel;

4. Whether there have been transactions among related parties, the nature of the information and relationship for the outstanding and transactions balances along with related parties. Such disclosures are made separately for one of the following classes: entities along with joint control or the parent; significant influence above the entity; associates; subsidiaries; joint ventures whether the entity is a venture; and other related parties and key management personnel.

Posted Date: 1/24/2013 7:59:03 AM | Location : United States







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