Which of the following parties is/are covered by the definition of a related party in IAS 24?

Question

Quizplus · Accepted Answer

According to the definition given in IAS 24, related parties include individuals or entities that have the ability to control or exercise significant influence over the reporting entity, or have a close family member who has such ability. This includes but is not limited to, key management personnel, directors, and their close family members. Therefore, all of the given choices may be covered by the definition of a related party in IAS 24.

Which of the Following Parties Is/are Covered by the Definition