J. Cottingham
Brief description of each SFRS: Other than FRS 110, 111, 112 and 113 which are for accounting period on or after 1stJanuary 2013, the rest of the accounting standards are already effective. However, there are some standards which have been amended and of which the amendments are only effecti...
12 In view of this, the ASB considers that its most appropriate course of action is to issue an amendment to FRS 8 to ensure compliance with the legal definition of a'related party', including a reference to 'key management personnel', which is more specific than the refe...
FINANCIAL REPORTING STANDARD FRS 24 Related Party DisclosuresStandard, Reporting