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IAS 24, Related Party Disclosures - A Closer Look


  • Muthupandian, K S


The International Accounting Standards Committee issued the the International Accounting Standard 24, Related Party Disclosures. IAS 24 requires entities to disclose in their financial statements information about transactions with related parties. In broad terms, two parties are related to each other if one party controls, or significantly influences, the other party. The objective of IAS 24 is to ensure that an entity’s financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances with such parties. This article presents a closer look of the standard (objective, scope, definitions and disclosures).

Suggested Citation

  • Muthupandian, K S, 2009. "IAS 24, Related Party Disclosures - A Closer Look," MPRA Paper 36679, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:36679

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    References listed on IDEAS

    1. Yuko Kinoshita & Nauro F. Campos, 2003. "Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies," IMF Working Papers 03/228, International Monetary Fund.
    2. ibrahim, waheed & Omoniyi, Benjamin, 2011. "Determinants of Foreign Direct Investment in Nigeria: Political Factor Effects Revisited," MPRA Paper 59429, University Library of Munich, Germany, revised 2012.
    3. Ashoka Mody & Krishna Srinivasan, 1998. "Japanese and United States Firms as Foreign Investors: Do they march to the same tune?," Canadian Journal of Economics, Canadian Economics Association, vol. 31(4), pages 778-799, November.
    4. Dinda, Soumyananda, 2008. "Factors Determining FDI to Nigeria: An Empirical Investigation," MPRA Paper 28097, University Library of Munich, Germany, revised Nov 2010.
    5. Goldberg, Linda S & Kolstad, Charles D, 1995. "Foreign Direct Investment, Exchange Rate Variability and Demand Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(4), pages 855-873, November.
    6. Chakrabarti, Avik, 2001. "The Determinants of Foreign Direct Investment: Sensitivity Analyses of Cross-Country Regressions," Kyklos, Wiley Blackwell, vol. 54(1), pages 89-113.
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    More about this item


    International Accounting Standard; Related Party Disclosures; Related Party; Related Party Transaction; Key Management Personnel; IAS 24; IASC; IASB;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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