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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Related party
Hello
If Mr. Chris owns a company and is the chairman, and his daughter works in the company as well (not at supervisory level or above) earning a normal compensation of $20,000, should that be disclosed?
Also, does disclosure depend on if the amount is material?
Disclosure is not dependent on the amount, it is dependent on whether the party is a close family member and the chairman’s daughter would qualify.
Thanks
