Utilization Of Information Related To Affiliated Parties

This research conducts a study on the utilization of information regarding affiliated parties of the reporting entity. The objective of the research is to define the concepts related to affiliated parties as established by national and international accounting frameworks, as well as fiscal regulations. The aim is to identify information concerning transactions with affiliated parties reported in financial statements, as well as those disclosed in the notes to the financial statements. The study employs scientific research methods such as: analysis of the regulatory framework governing the study (both national and international accounting standards and fiscal regulations), synthesis of information, and comparison to identify distinctive and similar features regarding the treatment of the concept and information related to affiliated parties. It also addresses the challenges involved, enabling the presentation of the relationship between information on transactions with affiliated parties reported according to National Accounting Standards (SNC) and International Financial Reporting Standards (IFRS). The research findings reveal a discrepancy between the definition of the concept under national and international frameworks, as well as between accounting and fiscal frameworks. Additionally, differences were identified in the information required to be disclosed in financial statements concerning affiliated parties based on the two regulatory frameworks.