VicEd is a government agency that controls Science Limited. Science Limited has two subsidiaries: Bio Limited and Chem Limited. To which entities can Bio Limited apply the disclosure exemption in paragraph 25 of IAS 24?

Question

Quizplus · Accepted Answer

Under IAS 24, an entity can apply the disclosure exemption to its parent, subsidiaries, and fellow subsidiaries. Therefore, Bio Limited can apply the exemption to VicEd (the government agency controlling Science Limited, its parent), Science Limited (its immediate parent), and Chem Limited (its fellow subsidiary).

VicEd Is a Government Agency That Controls Science Limited