Detailed disclosure of information about a company's transactions with 'related parties' is required:

Question

Quizplus · Accepted Answer

The disclosure of information about a company's transactions with related parties is required for all material transactions with related parties other than those occurring within a normal employee, customer or supplier relationship. This is in line with the principle of transparency and ensuring that the financial statements provide a true and fair view of the company's financial position. It also helps to prevent any potential conflicts of interest and ensures that related party transactions are conducted on an arm's length basis. Therefore, option B is the best choice.

Detailed Disclosure of Information About a Company's Transactions with 'Related