Related Party Transactions Flashcards
1
Q
Disclosures are mandatory for related party transactions. TF
A
True
2
Q
IFRS requires disclosure for mgmt compensation, and US GAAP does not. TF
A
False, US does, IFRS does not
FAR CPA Custom > Related Party Transactions > Flashcards
Disclosures are mandatory for related party transactions. TF
True
IFRS requires disclosure for mgmt compensation, and US GAAP does not. TF
False, US does, IFRS does not