Research on the Factors that Influence the Level of Related Party Disclosures as Required by ISA 24
Author:
Alexandra CORLACIU, Ph.D. Student; Univ. Prof. Adriana TIRON TUDOR, Ph. D.
JEL:
M 40
DOI:
Keywords:
IAS 24, financial reporting, related party, related party disclosures
Abstract:
The objective of this study is to determine the factors that influence the related party disclosures made by Romanian companies listed on BVB in their annual reports. Based on the disclosure index values that were documented in the article Compliance with ISA 24 - "Related party disclosures" by companies listed on BSE (Corlaciu & Tiron-Tudor, 2013), published in "Audit Financiar" journal no. 11/2013, through inferential statistical analysis, we have analyzed the existence of correlation between the disclosure index and nine possible factors of influence. The research reveals that there is a medium to low intensity between the related party disclosures and two independent variables: ownership structure and quality of auditors.\r\n