IAS 24 · Related Party Disclosures

The Related Party Wheel

Every path a counterparty can take to become "related" to your reporting entity — traced from paragraph 9, in one map.

Paragraph 9(a)(i)–(iii) · Persons — and 9(b)(i)–(viii) · Entities
Click any node on the wheel to see how that relationship is defined, and a worked example.
Practical Application
Build a Group & Test Every Relationship

Add the people and entities in your structure, connect them the way they actually relate — ownership, control, KMP, family, benefit plans — pick the reporting entity, and get every related party flagged with its IAS 24 paragraph.

1 · Add people & entities

NameType

2 · Connect them

Relatedness is decided by the relationship type on each link, not the % alone. Use Shareholder for a plain equity stake — the test then applies these working assumptions: 50/50 between two holders → joint control · >50% → control · 20–50% → significant influence · <20% → informational only, no automatic relation. If you already know the actual basis (e.g. a shareholders' agreement), pick Controls / Jointly Controls / Has Significant Influence directly instead.

Relationship

3 · Pick the reporting entity & test

Related Party Test Results
Add your structure, choose the reporting entity, and click Analyse.

This test is a practical aid based on the relationships you input — it does not replace professional judgement on control, significant influence, or substance-over-form assessments required by IAS 24.

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