Under IAS 24, which item must be disclosed in addition to related party relationships?

Under IAS 24, which item must be disclosed in addition to related party relationships?

• A. Nature of related party relationships
• B. Number of employees in the company
• C. Market capitalization
• D. Future expansions

Answer: (A)

Under IAS 24, you must provide information that helps readers understand how related parties might influence the entity’s decisions. Beyond simply noting that related party relationships exist, disclosing the nature of those relationships explains who is connected and how, so users can assess potential influence on terms and transactions. The other items listed aren’t required disclosures for this purpose—numbers like total employees, market capitalization, or plans for future expansions aren’t mandated by IAS 24 in this context.

Under IAS 24, you must provide information that helps readers understand how related parties might influence the entity’s decisions. Beyond simply noting that related party relationships exist, disclosing the nature of those relationships explains who is connected and how, so users can assess potential influence on terms and transactions. The other items listed aren’t required disclosures for this purpose—numbers like total employees, market capitalization, or plans for future expansions aren’t mandated by IAS 24 in this context.