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    FAR.2645 - Related Party Disclosures

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    lijeh312
    This document discusses related party disclosures as defined by PAS 24 and FAR.2645. It provides examples of entities and individuals that would be considered related parties, such as a parent and subsidiary, entities under common control, joint ventures, associates, and members of key management. It also examples of situations where entities and individuals would not be considered related parties, such as between two associates where there is no other relationship.

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    FAR.2645 - Related Party Disclosures

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    lijeh312
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    This document discusses related party disclosures as defined by PAS 24 and FAR.2645. It provides examples of entities and individuals that would be considered related parties, such as a parent and subsidiary, entities under common control, joint ventures, associates, and members of key management. It also examples of situations where entities and individuals would not be considered related parties, such as between two associates where there is no other relationship.

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    FAR.2645_Related Party Disclosures

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    This document discusses related party disclosures as defined by PAS 24 and FAR.2645. It provides examples of entities and individuals that would be considered related parties, such as a parent and subsidiary, entities under common control, joint ventures, associates, and members of key management. It also examples of situations where entities and individuals would not be considered related parties, such as between two associates where there is no other relationship.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    7 views19 pages

    FAR.2645 - Related Party Disclosures

    Uploaded by

    lijeh312
    This document discusses related party disclosures as defined by PAS 24 and FAR.2645. It provides examples of entities and individuals that would be considered related parties, such as a parent and subsidiary, entities under common control, joint ventures, associates, and members of key management. It also examples of situations where entities and individuals would not be considered related parties, such as between two associates where there is no other relationship.

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    of 19

    Related Party Disclosures

    (FAR.2645)

    R. R. Ocampo
    Relevant Standard

    PAS 24 – Related Party Disclosures


    Person Y Person X

    Entity A
    Parent

    S1 and S2
    Subsidiary 1 are related Subsidiary 2
    parties
    Entity X

    Entity A

    JV/Associa
    te
    Parent

    S1 S2

    Entity A S2 and Entity A


    are related parties
    JV/Associa
    te
    Entity A and B
    are related
    parties
    JV JV
    Entity A and B
    are related
    parties
    JV Associate
    Entity A and B
    are NOT related
    parties
    Associate Associate
    Director X

    Entity A and B
    are NOT related
    parties
    Joint
    Venture

    A and B are
    Venturer A NOT related Venturer B
    parties
    Entity A and B
    are NOT related
    parties
    Associate Associate
    DIY Drill Answers
    1. D
    2. B
    3. D
    4. C
    5. B
    6. B
    7. A
    8. B
    9. B
    10. C
    11. D
    12. B
    13. D
     End 

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