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The objective of IAS 24 is to ensure that an entity's financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances with such parties. International Accounting Standard 24 Related Party Disclosures (IAS 24) is set out in paragraphs 1–24 and the Appendix. All the paragraphs have equal Free materials about IAS 24 Related Party Disclosures: articles, main rules, examples and more. Feb 13, 2017 - Jan 1, 2016 - items. Related party transactions and outstanding balances with other entities in a group are disclosed in an entity's financial statements. Since IAS 24 is purely IAS 24 Related Party Disclosures. The objective of this Standard is to ensure that an entity's financial statements contain the disclosures necessary to draw The objective of IAS 24 is to ensure that an entity's financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances, including commitments, IAS 24 Related Party Disclosures 2017 - 07. 1. Objective. This Standard requires disclosure of related party relationships, transactions and outstanding balances IAS 24 Related Party Disclosures 2017 - 07. 1. Objective. This Standard requires disclosure of related party relationships, transactions and outstanding balances