Which of the following is usually not a related party as referred to in AASB 124 "Related Party Disclosures"?
A) Subsidiary
B) Associate
C) Son-in law of the Chief Executive Officer
D) Trade union official
E) None of the given answers

Question

Quizplus · Accepted Answer

Related parties are usually individuals or entities that have control, joint control or significant influence over the reporting entity. Trade unions are not typically in a position to exercise such control or influence, and therefore are not considered related parties. Therefore, the correct choice is option D.

Which of the Following Is Usually Not a Related Party