AS 2410

related-party transactions

Transparency is Key with Related-Party Transactions

In recent years, external auditors have focused more attention on related-party transactions. Although related-party transactions aren’t necessarily bad, they do raise some concerns about the risk of misstatement or omission in financial reporting. 3 focal points Issues with related parties played a prominent role in the scandals that surfaced nearly two decades ago at Enron,…

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