Swiss GAAP FER 15
–Related party transactions

Description

Swiss GAAP FER 15 “Related party transactions” regulates the disclosure of information regarding transactions with related parties. Parties (natural or legal persons) are considered to be related if one party has the ability to directly or indirectly exercise significant influence on the other party (organisation) in making financial or operative decisions. All significant transactions and the resulting receivables from or payables to related parties have to be disclosed in the financial statements.