Related parties made simple
Further information about this document
Related parties made simple (PDF 63KB)
Document Details
- Author Name:
- Not supplied
- Author Organisation:
- Sayer Vincent
- Document ID:
- Not supplied
- Publication Date:
- 02/09/2012
- Publication Type:
- PDF
- Document Origin:
- Not supplied
Abstract
As well as the SORP, charities have to follow Financial Reporting Standard 8 which determines who and what are ‘related parties’ and the disclosures necessary to draw attention to the possibility that the reported financial position and results may have been affected by the existence of related parties and by material transactions with them. The Companies Act 2006 contains relevant requirements in relation to the duties of directors and managing conflicts of interest.
Related Documents