Related Party Transactions

From the 1 January 2019 the way report related party transactions will change so care will be required.  For Tier 3 and 4 reporting entities, the simple word “significant” will be removed from WHAT is required to be reported in the performance reports.  While this may seem a simple change the effects may be quite dramatic.  After the “annual audit season” is over, Peter van Hout will rewrite the related party document to reflect the changes but in the meantime, to understand what is required in the performance reports (financial statements) see this link…..Related Party Transactions