IAS 24Chapter 5Lesson 1
Disclosure about the parent and the ultimate controlling party
Step 1 of 7Learning objectives
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The entity names its parent and, if different, the party exercising ultimate control, even when there are no transactions; a fallback case names the next senior parent that publishes consolidated statements.
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Learning objectives
- Identify what must be disclosed about the parent and the ultimate controlling party.
- Determine the parent to name when neither the parent nor the ultimate controlling party publishes consolidated statements.
- Explain why the control relationship is disclosed even without transactions.