International GAAP 2021

Chapter 39Related party disclosures

• 1 INTRODUCTION 3097
  • 1.1 The related party issue 3097
  • 1.2 Possible solutions 3097
    • 1.2.1 Remeasurement of related party transactions at fair values 3097
• 2 REQUIREMENTS OF IAS 24 3098
  • 2.1 Objective and scope 3098
    • 2.1.1 Objective 3098
    • 2.1.2 Scope 3098
  • 2.2 Identification of a related party and related party transactions 3099
    • 2.2.1 Persons or close members of a person's family that are related parties 3100
      • 2.2.1.AControl 3102
      • 2.2.1.BJoint control 3102
      • 2.2.1.CSignificant influence 3102
      • 2.2.1.DKey management personnel 3103
    • 2.2.2 Entities that are members of the same group 3104
    • 2.2.3 Entities that are associates or joint ventures 3105
      • 2.2.3.AJoint operations 3106
    • 2.2.4 Entities that are joint ventures of the same third party 3107
    • 2.2.5 Entities that are joint ventures of a third party and associates of the same third entity 3107
    • 2.2.6 Post-employment benefit plans 3108
    • 2.2.7 Entities under control or joint control of certain persons or close members of their family 3108
    • 2.2.8 Entities under significant influence of certain persons or close members of their family 3109
    • 2.2.9 Entities, or any member of the group of which they are a part, that provide key management personnel services 3110
    • 2.2.10 Government-related entities 3110
  • 2.3 Parties that are not related parties 3111
  • 2.4 Disclosure of controlling relationships 3112
  • 2.5 Disclosable transactions 3114
    • 2.5.1 Materiality 3115
  • 2.6 Disclosure of key management personnel compensation ...