Which of the Following Statements Is Not in Accordance with IAS

Which of the following statements is not in accordance with IAS 24 Related Party Disclosures?

A) A related-party transaction is a transfer of resources, services or obligations between related parties, regardless of whether a price is charged.
B) If there have been transactions between related parties, an entity shall disclose the nature of the related party relationship as well as information about the transactions and outstanding balances necessary for an understanding of the potential effect of the relationship on the financial statements.
C) Transactions between the reporting entity and its key management personnel are deemed material.
D) In IAS 24 Related Party Disclosures, two entities having a director in common are assumed related parties.