According to AASB 124, related party disclosures are required irrespective of whether there have been related party transactions when:
A) significant influence exists;
B) control exists;
C) economic dependence exists;
D) all of the above.

Question

Quizplus · Accepted Answer

Control exists is a key factor that requires disclosure under AASB 124, even if no transactions have occurred.

According to AASB 124, Related Party Disclosures Are Required Irrespective