Related parties are likely to be an IRBA inspections finding or an area that management as well as auditors put very little thought to, when preparing and auditing a set of financial statements.
Join us as we help you ensure
- As preparers / management, that you are compliant with the IFRS for SMEs requirements, so that you can be better prepared for the next AFS compilation
- As auditors, that you hold your clients to the correct disclosure requirements
• This session will address the following:
o Who is a related party?
o What is a related party transaction / balance?
o Do all transactions with related parties need to be disclosed?
o What director’s remuneration-related disclosures are required?
o What needs to be disclosed?
o Examples of disclosures
