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mylesnagop mylesnagop
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2 years ago
Related party

▸ transactions must be disclosed in the footnotes even if the amounts are immaterial.

▸ disclosures include the nature of the related party relationship and a description of the transaction.

▸ transactions are considered arm's-length transactions.

▸ disclosures are required only for public companies.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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MspracticalMspractical
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2 years ago
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mylesnagop Author
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2 years ago
Good timing, thanks!
SUmmerPeople
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Yesterday
Just got PERFECT on my quiz
Kstan109
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2 hours ago
Thanks
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