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Do I need to disclose the comparatives in a related party note if they are not related?

I have a new client, who has a related party disclosure in their audited accounts last year.  However, I don't think that the party was in fact related in this year or last year, and therefore don't want to disclose the current year transactions - so my question is whether it is correct to leave it out altogether, given that the comparative figures were disclosed last year?  If not, what should be disclosed?

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04th Dec 2012 10:48

Comparative figures

... are just that - comparisons with this year's figures.  If you are not disclosing any figures this year, why on earth would you disclose figures for last year in this year's accounts?

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By Jooster
04th Dec 2012 11:07

Good question!  I could not

Good question!  I could not see a reason why it would be necessary, but I wanted to check I was not missing anything.

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