IAS 24 Related Party Disclosures,requires relationships between parents and subsidiaries be disclosed irrespective of whether there have been transactions between those related parties.

Question

Quizplus · Accepted Answer

IAS 24 indeed requires the disclosure of relationships between parents and subsidiaries, regardless of whether any transactions have taken place between them. This is because such relationships can have significant implications for an entity's financial position and performance.

IAS 24 Related Party Disclosures,requires Relationships Between Parents and Subsidiaries