Related party transactions, Auditing

Assignment Help:

Related Party Transactions

Related party transactions-a transfer of obligations or resources among related parties, regardless of whereas a price is charged.

A party is related to an entity whether it like as:

  1. Indirectly or Directly controls, or is under common control along with, is controlled through the entity;
  2. Has significant influence above the entity;
  3. has joint control above the entity;
  4. Is a close member of any individual of the family who that controls, or has joint control over or significant Influence, the entity;
  5. Is an associate of the entity;
  6. Is a joint venture whether the entity is a venture;
  7. Is a member of the entity of the key management personnel or its parent;
  8. Is a close member of any of the family of the aforementioned key management Personnel;
  9. Is an entity which is controlled, significantly influenced through, jointly controlled with or for such significant voting power in that entity resides along with, few of the key Management personnel or their close family members;
  10. Is a post-employment profit plan about the benefit of employees of the entity, or else of such any of its related parties.

Related Discussions:- Related party transactions

Develop an audit program to identify fraud using acl, You are auditing Pell...

You are auditing Pell grant provided to students at six state universities. The Pell grant program is a federal financial aid program for college students. The maximum grant a stud

Audit of group accounts, Audit of Group Accounts The main problems can...

Audit of Group Accounts The main problems can be split into three sections in this area as: 1. The audit of the holding company confirming and obtaining information concern

Auditor''s duty - audit process, Auditor's Duty - Audit Process The au...

Auditor's Duty - Audit Process The auditor has a responsibility to express a thought on the truth and fairness and compliance along with legislation, of the accounts. The valu

ONLINE EXAM AUDITING CLASS, Hi Dear, Could you please help me with online ...

Hi Dear, Could you please help me with online exam in Auditing Class !!

Audit process - disclosure and presentation , Disclosure and Presentation -...

Disclosure and Presentation - Audit Process IAS 16 provides exclusive disclosure requirements. Fixed assets should be split into appropriate classes and the following shoul

Case law about auditing, assume that auditors lost a civil lawsuit for dama...

assume that auditors lost a civil lawsuit for damages and the court found total losses of $5 million. if the auditors were determined to be 30 percent at fault and were the only so

Preferred stock valuation, Preferred stock valuation 1. Features of pre...

Preferred stock valuation 1. Features of preferred stock (You may review what you've learned about preferred stock from TCA 221): a. Multiple classes in terms of convertibil

Corporations generally issue stock dividends in order to, Q. Corporations g...

Q. Corporations generally issue stock dividends in order to a. increase the market price per share. b. exceed stockholders' dividend expectations. c. increase the marketability of

Group auditing and holding campnies, what a group auditing and holding camp...

what a group auditing and holding campanies in details with exmple propurly

I dont understand, Ask qub) How might financial incentives in the form of c...

Ask qub) How might financial incentives in the form of client services unconsciously introduce auditor bias into the independent audit function? Give some specific real-life exampl

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd