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

postage stamps 220 currency and coins 1156.60 how much petty cash fund shall be shown as part of cash balance

Counter - Indications That the auditor has found indications of going related to non-applicability does not of itself justify instantly conclusion that the entity is not a goi

Leasehold Property - Audit Process Exactly the same process is adopted for leasehold buildings and land as applied about freehold buildings and land except in the matter of de

What are Objectives Of Internal Audit? Ans) The purpose of internal audit is to remain proper control over business activities. When there is proper control there is maximum eff


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

For each of the following independent situations, state whether you agree or disagree, and briefly explain your answer. (a) Materiality is used only at the planning stage of the

Describe your role in managing a discrete assignmentn..

why are the figures presented to an auditor not sufficient for absolute reliance