Related parties are person or organizations who have interest or relation with the client entity. The auditor needs to check the transactions with the related parties as there is a higher chance of possible misstatements in such transactions. To indicate: The source of information to identify the transactions with the related parties.

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Chapter 3, Problem 3.8RQ

To determine

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Related parties are person or organizations who have interest or relation with the client entity. The auditor needs to check the transactions with the related parties as there is a higher chance of possible misstatements in such transactions.

To indicate: The source of information to identify the transactions with the related parties.

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