GRAP 25 Employee Benefits helps to guide the accounting for retrenchment / termination pay-outs, as well as normal salaries, wages, leave accruals and bonus payments. Related party transactions are certainly an area of risk for accountants and auditors because information about them may very easily be omitted or obscured. GRAP 20 makes it a requirement to include certain aspects of these relationships and transactions in a set of financial statements to ensure transparency before and accountability to users of the financial statements and the public at large.