The mere existence of a related party should be disclosed despite of not having any transactions with them.   TRUE OR FALSE

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Activities Required In Completing A Quality Audit
Section: Chapter Questions
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The mere existence of a related party should be disclosed despite of not having any transactions with them.

 

TRUE OR FALSE

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