CERTYNEX IFRS ACADEMY

Mireille Dubreuil has significant influence over Corvan SA, which prepares financial statements. Is Mireille a related party of Corvan?

No, control over the entity is the criterion that makes a person related to it.

No, an individual cannot be a related party of an entity.

Yes, a person who has significant influence over the entity is a related party of that entity.

Yes, but provided Mireille is also a member of the entity's key management personnel or of its parent.