Introduction

Related Party Disclosures under IAS 24 is a critical International Financial Reporting Standard that ensures transparency, accountability, and integrity in financial reporting. Related Party Disclosures (IAS 24) Training Course is designed to equip finance professionals, auditors, accountants, compliance officers, and regulators with in-depth knowledge of identifying, disclosing, and managing related party transactions in accordance with global IFRS compliance standards. With increasing regulatory scrutiny and corporate governance requirements, mastering IAS 24 disclosure principles is essential for preventing financial misstatement risks and ensuring stakeholder trust.

This comprehensive training program focuses on practical application of IAS 24 requirements, including identification of related parties, disclosure frameworks, arm’s length principles, and governance controls. Participants will gain expertise in financial reporting transparency, risk mitigation, fraud detection in related party transactions, and compliance with international accounting standards. The course is structured to enhance professional competency in IFRS reporting and strengthen organizational financial integrity.

Programme Curriculum

Related Party Disclosures (IAS 24) Training Course

Introduction

Course Objectives

Understand IAS 24 Related Party Disclosures framework and principles
Identify related parties in corporate structures and group entities
Apply IFRS compliance standards in financial reporting disclosures
Enhance transparency in financial statement presentation
Evaluate risks in related party transactions
Strengthen corporate governance and accountability systems
Detect and prevent financial misstatements and fraud risks
Apply arm’s length principle in transactions
Improve audit effectiveness in related party disclosures
Ensure compliance with international accounting regulations
Develop disclosure documentation and reporting accuracy
Interpret complex group structures and ownership links
Strengthen stakeholder confidence through transparent reporting

Organizational Benefits

Improved financial reporting accuracy
Enhanced regulatory compliance adherence
Reduced fraud and financial misstatement risks
Strengthened corporate governance structure
Increased investor and stakeholder confidence
Better audit readiness and efficiency
Enhanced transparency in financial disclosures
Improved risk management systems
Stronger ethical finance culture
Alignment with global IFRS standards

Target Audiences

Accountants and financial reporting professionals
External and internal auditors
Finance managers and controllers
Compliance and risk officers
Corporate governance professionals
Tax consultants and advisors
Regulatory authority personnel
CFOs and senior finance executives

Course Duration: 5 days

Course Modules

Module 1: Introduction to IAS 24 Framework

Overview of IAS 24 principles
Importance of related party disclosures
Regulatory requirements under IFRS
Scope of application in organizations
Key definitions and terminology
Case Study: Enron corporate disclosure failure (USA)

Module 2: Identification of Related Parties

Definition of related parties
Group structure analysis
Control and influence assessment
Key management personnel identification
Ownership relationships
Case Study: Volkswagen group structure disclosures (Germany)

Module 3: Disclosure Requirements under IAS 24

Mandatory disclosure elements
Financial statement presentation rules
Transaction disclosure requirements
Outstanding balances reporting
Disclosure of commitments
Case Study: Tesco related party reporting review (UK)

Module 4: Arm’s Length Principle in Transactions

Understanding arm’s length concept
Pricing policies in related party transactions
Transfer pricing implications
Market comparison techniques
Regulatory compliance issues
Case Study: Apple global transfer pricing case (USA/Ireland)

Module 5: Risk Assessment in Related Party Transactions

Financial risk identification
Fraud risk indicators
Conflict of interest analysis
Internal control weaknesses
Risk mitigation strategies
Case Study: Satyam scandal related party fraud (India)

Module 6: Audit Procedures for IAS 24 Compliance

Audit planning for disclosures
Verification of related party transactions
Documentation review techniques
Analytical procedures
Audit evidence collection
Case Study: Wirecard audit failure (Germany)

Module 7: Corporate Governance and Ethical Compliance

Governance frameworks
Ethical reporting standards
Board responsibilities
Compliance monitoring systems
Transparency mechanisms
Case Study: Petrobras corruption case (Brazil)

Module 8: Advanced Reporting and IFRS Integration

Integration with IFRS standards
Consolidated financial reporting
Advanced disclosure techniques
Regulatory updates and changes
Best practices in reporting
Case Study: HSBC global compliance restructuring (UK)

Training Methodology

Interactive instructor-led sessions
Real-world IFRS case study analysis
Group discussions and peer learning
Practical financial statement exercises
Scenario-based problem solving
Regulatory compliance simulations
Assessment quizzes and evaluations

Register as a group from 3 participants for a Discount

Send us an email: info@fineskilltrainingcenter.org or call +254769199797

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.
f. Payment should be done at least a week before commence of the training, to Fineskill Training Center account, as indicated in the invoice so as to enable us prepare better for you.

Skills & Software Covered

MS Word SAP S/4HANA Financial Accounting Oracle Financial Consolidation and Close Cloud and CaseWare IDEA

Programme Fee

Duration: 5 Days

Method: Online or Physical

Online Price: $1,000

Physical Price: $1,500

Certification: Accredited Certificate

View Available Dates 📄 Download Course Outline (PDF)

Available Sessions

Location

Month

Year

Oct 19 2026

19 Oct — 23 Oct 2026

💻 Online / Virtual session

Online $1,000