CERTYNEX IFRS ACADEMY

Frédéric Blanc is a director and a member of the key management personnel of Vallée SA. His adult daughter Chloé controls the company Mistral, which provides services to Vallée. Which reasoning of Vallée's accountant is wrong?

Mistral is not a related party of Vallée, since it is Chloé who controls it and not Frédéric himself.

Chloé, daughter of a key manager of Vallée, is a close member of his family.

Mistral is controlled by a person related to Vallée, which makes it a related party of Vallée.

The services provided by Mistral to Vallée therefore enter the analysis of related party transactions.