Share this content

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

Do I need to disclose the comparatives in a...

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?



Please login or register to join the discussion.

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?

Thanks (0)
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.


Thanks (0)
Share this content