31386 paragraphs found
Many financial reporting frameworks discuss the concepts of control and significant influence. Although they may discuss these concepts using different terms, they generally explain that: Control is the power to govern the financial and operating …
The existence of the following relationships may indicate the presence of control or significant influence: Direct or indirect equity holdings or other financial interests in the entity. The entity’s holdings of direct or indirect equity or other …
Related parties, by virtue of their ability to exert control or significant influence, may be in a position to exert dominant influence over the entity or its management. Consideration of such behaviour is relevant when identifying and assessing the …
In some circumstances, a special‑purpose entity [18] may be a related party of the entity because the entity may in substance control it, even if the entity owns little or none of the special‑purpose entity’s …
Risks of Material Misstatement Associated with Related Party Relationships and Transactions (Ref: Para. 11 ) Considerations Specific to Public Sector …
The public sector auditor’s responsibilities regarding related party relationships and transactions may be affected by the audit mandate, or by obligations on public sector entities arising from law, regulation or other authority. Consequently, the …
Understanding the Entity’s Related Party Relationships and Transactions Discussion among the Engagement Team (Ref: Para. 12 ) …