3 (a) Discuss why the identification of related parties, and material related party transa

3 (a) Discuss why the identification of related parties, and material related party transactions, can be difficult for

auditors. (5 marks)

3 Pulp Co(a) Identification of related partiesRelated parties and associated transactions are often difficult to identify, as it can be hard to establish exactly who, or what,are the related parties of an entity. IAS 24 Related Party Disclosures contains