The minimum disclosures for related party transactions include the following, except:
A) the amount of transactions.
B) the key management personnel of the related party.
C) the amount of the outstanding balances and commitments.
D) provision of doubtful debts related to outstanding balances.

Question

Quizplus · Accepted Answer

The key management personnel of the related party is not considered a minimum disclosure requirement for related party transactions. Minimum disclosures typically focus on the financial aspects and impacts of the transactions, such as the amount of transactions, outstanding balances and commitments, and provisions for doubtful debts.

The Minimum Disclosures for Related Party Transactions Include the Following