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Related parties

The audit of related party relationships and transactions can be a challenging area for auditors. The need to improve audit procedures in this area is indicated by the results of external regulatory inspections. In their 2013 Summary report of inspection findings, the International Forum of Independent Audit Regulators (IFIAR) identified related party transactions as one of their inspection themes, making this is an issue in a number of countries. This section contains assistance for the practical implementation of ISA 550 Related Parties

Practical guidance and learning material
Relevant articles

Articles written by practitioners and ICAEW staff in the area of related parties.


This section contains webinars covering practical assistance for firms and practitioners in the application of ISA 550.

IAASB guidance, support tools and news

Guidance and support from the IAASB in the area of related parties audit.

FAQs on related parties

This section includes questions on identifying and recording related parties.