CERTYNEX IFRS ACADEMY

The firm Gestion & Conseil makes its managing partner available to Tarn SA, where he acts as chief executive, a member of Tarn's key management personnel. Tarn prepares financial statements. Is the firm a related party of Tarn?

No: the functions of key management personnel are performed by individuals, not by the company that makes them available.

No: an independent service company is related to its clients where it holds their shares, which is not the case here.

Yes, for the part of the relationship that corresponds to the amounts invoiced for the management services.

Yes: the entity that provides Tarn with key management personnel services is a related party of Tarn.