May you please help me with this question.
What the general benefits of disclosure notes to the users of financial statements?
CIMA Forums
IAS 24 Related Party Disclosures
5y ago#1Hi,
Yes, it is to give transparency to the users of the accounts regarding the transactions that are happening between the company and directors, or other linked companies. They should be at arm's length and if they are not the they need disclosing.
Thanks
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