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







Related Discussions:- Party disclosures used by ias 24, Assignment Help, Ask Question on Party disclosures used by ias 24, Get Answer, Expert's Help, Party disclosures used by ias 24 Discussions

Write discussion on Party disclosures used by ias 24
Your posts are moderated
Related Questions
Standard Defines Development and Research The standard defines development and research as follows: (a) Research - planned and original investigation undertaken along with



if a proxy is voted as per his judgement other than member prescribed to him... what is the action to be taken?

what are the things we need to check in statutory audit of bank?

Dealings with Directors and Other Parties - Sundry Debtors and Loans Dealings along with directors and other related parties: The auditor's duties are follows as: i. The revi

Provision and Accruals Previous to we consider the audit procedures along with regard to accruals and provisions, it is essential to clarify the meaning of two words in genera

Advantages and disadvantages

State four factors considered determining sufficiency of audit evidence

Conformity and Conservatism - External Auditor Report Conformity Although the user of the accounts expects the accounts to conform to general accepted accounting princi