Related Party IAS-24Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Related Party IAS-24This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 24, 2021 at 8:23 pm #615147 faisalParticipantTopics: 2Replies: 0☆Mr P has a 70% shareholding in Entity A. Mr P has a 30% shareholding in Entity B.Mr P controls Entity A and is able to exert significant influence over Entity B.Mr P has a 25% shareholding in Entity A. Mr P has a 30% shareholding in Entity B.Mr P is able to exert significant influence over Entity A and Entity B.Required: For each situation above explain whether or not Entity A and Entity B are related parties.Kindly provide the answer of above query March 25, 2021 at 3:21 pm #615191 Stephen WidbergKeymasterTopics: 16Replies: 3411☆☆☆☆☆As always at this level, there may be no right and wrong and it’s fine to say that he may be a RP.First scenario – Mr P is RP of A and of B, AND A may be RP of BSecond scenario – Mr P is RP of A and of B. I am not convinced that A is a RP of BFortunately exam questions focus on the ethics of non-disclosure rather than the minutiae of disclosure!AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In