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Thursday 24 April 2014

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Related Party Transactions: Key management personnel services


 Comment letter summary and analysis

On 3 May 2012 the International Accounting Standards Board (IASB) published for public comment an exposure draft of proposed amendments to eleven International Financial Reporting Standards (IFRSs) under its annual improvements project. The project provides a streamlined process for dealing efficiently with a collection of narrow‑scope amendments to IFRSs.

 

The proposed amendments reflect issues discussed by the IASB in the project cycle that began in 2010. These amendments meet the criteria for the annual improvements process that were approved by the IFRS Foundation Trustees in February 2011 as part of a revision to the Due Process Handbook for the IASB

The Exposure Draft was open for public comment until 5 September 2012.

Respondent type

  • Respondent Type Number Percentage
  •  
    Standard setter
    19
    30%
  •  
    Preparer
    17
    27%
  •  
    Accountancy body
    13
    20%
  •  
    Accounting firm
    6
    9%
  •  
    Investor
    3
    5%
  •  
    Regulator
    3
    5%
  •  
    Other
    3
    5%
  • Total 290 100%