Related parties transactions and transfer prices

Author:Ec. Carmen MATARAGIU, Ec. Anca Cristina MATARAGIU

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Keywords:resources transfer, specificity, transactions, reviews, statements, responsibility

Abstract:
The sensitive environment of related parties’ transactions has concerned and still concerns the accounting professionals and the management of companies.\r\n\r\nDue to the impact, sometimes severe, which they can generate on the related parties financial statements, the procedures for the management and control of the appropriate audit evidence related to this kind of transactions present some particular features.\r\n\r\nThe auditor’s professionalism in identifying and reviewing related parties transactions and consequently the transfer prices has a decisive role as there is a risk for some transactions to hide frauds or even significant errors.

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