IAS-24 related party disclosure compliance and corporate governance: evidence from an emerging market
by Ben Kwame Agyei-Mensah
Afro-Asian J. of Finance and Accounting (AAJFA), Vol. 11, No. 6, 2021

Abstract: This paper aims to measure the extent of related party transactions disclosure and investigates their determinants in 110 selected firms in Ghana. An index was manually constructed for related party transactions disclosure in accordance with International Financial Reporting Standards (IFRS) (IAS 24) using company financial statements. Empirical results show high mean compliance level of 63% of related party transactions disclosure in Ghana. Furthermore, the multiple regression analysis (OLS) shows that related party transactions disclosure has significant relationships with block-holders' ownership and the presence of an independent audit committee. This is one of the few studies conducted in Sub-Saharan Africa.

Online publication date: Fri, 21-Jan-2022

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