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IAS 24 Identifying and disclosing related party transactions by state-owned business entities

Date recorded:


The issue concerned the practical difficulty for some entities, especially government business entities, in identifying and disclosing related party transactions.


Decision not to add

May 2004



The IFRIC agreed that the issue was one of detailed application, rather than principle, and that there was little scope for the IFRIC to issue a useful Interpretation consistent with IAS 24.  Accordingly, the IFRIC declined to add the topic to its agenda.


IFRIC reference: IAS 24

Correction list for hyphenation

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