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February 19, 2020 at 10:24 pm
what is arm`s length transactions? In IAS24 Related party specifies that entity may only disclose that related party transactions were made on terms equivalent to those that prevail in arm`s length transactions if such terms can be substantiated.
February 9, 2020 at 8:54 am
Thank you chris ! Do you share more examples of identifying related party transactions ?
July 5, 2019 at 3:56 am
Hi Sir, I want to know if directors of a subsidiary and the parent company are related parties. Thanks
February 9, 2020 at 9:02 am
Kmp (director ) of reporting entity is related party for other entity but mere directors of both companies are not related parties .
December 10, 2018 at 10:34 am
Hi Chris! Thank you for your lecture. It’s so easy to follow… I just want to clarify as per last example. Is it correct: -Close family and Subsidiary are not RPs – Director and Post-employement benefit plan are RPs Thank you
January 4, 2019 at 9:06 am
Close family and a subsidiary would both be a related party as there is influence/control.
You are correct with the director and post-employment benefit plan.
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