Download Full Text (499 KB)
This proposed Statement provides guidance on procedures that should be considered to attempt to determine the existence of related parties and to examine identified related party transactions. It also provides guidance on considerations that might affect the auditor's evaluation of the adequacy of disclosure of related party transactions.
Related party transactions -- United States -- Accounting; Disclosure in accounting
Accounting | Taxation
American Institute of Certified Public Accountants. Auditing Standards Executive Committee, "Proposed statement on auditing standards : related party transactions;Related party transactions" (1975). Statements of Position. 355.