Course ID: RPT2

Related Party Transactions – A Recurring Issue

Related party transactions are often the most difficult for accountants and auditors to manage due to these transactions not being separately identified when transaction activity takes place. Related party transactions are often used to commit fraud and more often are simply hidden by management because they do not want third parties to be aware of these transactions. This program will identify the accounting and disclosure guidance associated with related party transactions (ASC 850), address form over substance-related party transactions, provide examples of related party frauds, and describe best practices for identifying undisclosed related party transactions. Related party disclosures will also be addressed.


LEARNING OBJECTIVES
  • Participants will be able to identify, account, and disclose related party transactions.

MAJOR TOPICS
  • A closer look at related party transactions and the related accounting guidance
  • Related party frauds
  • Best practices, related party disclosures

DESIGNED FOR
Accountants in public practice and industry.

FIELD OF STUDY
Accounting

PREREQUISITES
None

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
2.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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