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Monday 28 July 2014

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IFRS Interpretations Committee

Related Party Transactions: Key management personnel services


 Narrow scope amendments (Annual Improvements)

IAS 24 Related Party Transactions: Key management personnel services

In 2010 the Interpretations Committee received a request asking whether key management personnel (KMP), as defined in IAS 24 Related Party Disclosures, could include an entity or whether it could only apply to individuals. The Exposure Draft on Annual Improvements to IFRSs 2010-2012 cycle (ED/2012/10 published in May 2012 includes the IASB's proposal to make an entity providing KMP services to the reporting entity a related party of the reporting entity.

Project stages

Deliberations

Issued documents

Exposure Draft published 3 May 2012
Stage completed: December 2013