DISCLOSURE OF RELATED PARTY TRANSACTIONS : PRE and POST FRS124Tel, Hashanah IsmailAziah, NorKassim, Abu
related party transactionsSummary Related parties and transactions with related parties are dealt with in Financial Reporting Standard (FRS) 102. The overarching objective of related party disclosures is to draw the users' attention to the fact that the information reported in the financial statements ...
Nevertheless, whilst a number of other countries (including the US, Canada, Australia and New Zealand) have had accounting standards on related party transactions for some time, the relevant UK standard, FRS 8 — Related Party Disclosures, was issued only relatively recently....
related party transactionsRelated parties and transactions with related parties are dealt with in Financial Reporting Standard (FRS) 102. The overarching objective of related party disclosures is to draw the users' attention to the fact that the information reported in the financial statements may have...