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shilpjain
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Joined: 21 Jun 2007
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Posts: 174

Posted: 29 Mar 2009 at 07:40 \| IP Logged

If a related party transaction is not adequately disclosed , does that result in a qualified/adverse opinion ? wht are the rules for related party transactions ?
Thanks

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HCBC
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Joined: 23 Apr 2008
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Posted: 29 Mar 2009 at 09:59 \| IP Logged

its classified as an inadequate disclosure and depending on the materiality is could be qual or adv...

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shilpjain
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Joined: 21 Jun 2007
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Posted: 30 Mar 2009 at 17:31 \| IP Logged

thanks HCBC

__________________
BEC -86
AUD -95
FAR -90
REG -81
Can't believe I am DONE!

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