Exposure Draft of proposed amendments to IAS 24 Related Party Disclosures State-controlled Entities and the Definition of a Related Party

The International Accounting Standards Board (IASB) today published for public comment proposals to amend the requirements for entities to disclose in their financial statements information about related parties. The proposals are set out in an Exposure Draft of proposed amendments to IAS 24 Related Party Disclosures.

The IASB invites comments on the Exposure Draft by 25 May 2007.