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Accounting and Auditing for Related Parties and Related Party Transactions – A Toolkit for Accountants and Auditors (prepared by the staff of the AICPA)
One of the more important and yet more difficult aspects of a financial statement audit is the identification of related parties and transactions with related parties. This aspect of the audit is important because of (1) the requirement under generally accepted accounting principles to disclose material related party transactions and certain control relationships, (2) the [...]
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