Audit requirements for RELATED PARTIES

Who are related parties? What do auditors have to be concerned about when auditing related party disclosures? I explore ASA/ISA550 If you have questions about ASA/ISA 550, add them in the comments below. My ultimate audit video study guide is available here https://amandalovestoaudit.com/learning-resources/audit-study-guide/ Find ASA 550 here http://www.auasb.gov.au/Pronouncements/Australian-Auditing-Standards.aspx #StandardsExplained #AuditEvidence #RelatedParties #ISA550 #ASA550 #ILoveAudit #Auditing Subscribe to watch more auditing videos! https://www.youtube.com/user/AmandaLovesToAudit Catch me on social media! https://www.facebook.com/amandalovestoaudit/ https://www.twitter.com/amandasaudit http://instagram.com/amandalovestoaudit Mic - Rode SmartLav+ Explain Everything iPad app LumaFusion iPad app