Newsletter on proposed related party amendments
19 Dec 2008
Deloitte's IFRS Global Office has published an IAS Plus Update newsletter – 'Revised Exposure Draft (ED) on Disclosure of Relationships with the State'.
The newsletter (PDF 124k) explains the changes to IAS 24 Related Party Disclosures that the IASB proposed in its ED of 11 December 2008. The objective of the ED is to simplify the disclosure requirements that apply to state-controlled entities under the existing IAS 24. The ED is a re-exposure of a proposal that the Board had published in 2007. Many respondents said that the exemptions proposed in 2007 were insufficient and that the revised Standard would have been too complex to apply in practice. As a result, the IASB has revised its proposals. Here are links to all past IAS Plus newsletters.
