Related Party Transactions
Ma. Gina T. Manaligod

Related party transactions are a normal feature of business yet it can distort financial reports. IAS 24 prescribes the disclosure requirements for related party transactions. Data from 30 companies shows that the average disclosure compliance index (DCI) is .70. T-test indicates that there is no statistical difference in the DCI means of grouped companies based on auditor type. Correlation and regression analysis show that neither auditor type nor firm size are predictors of DCI.

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