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Related parties

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Related parties

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
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  • May 17, 2020 at 2:39 pm #571118
    Anonymous
    Inactive
    • Topics: 22
    • Replies: 26
    • ☆

    Hello,

    If suppose Mr X is able to exert significant influence over entity A at 25% and entity B at 30%

    My doubt here is where both the entities are considered related party or not?

    Thanks in advance

    May 18, 2020 at 4:30 pm #571199
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Not automatically. Would depend on the facts of the situation. In the exam say ‘potentially RP’

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