The Statement on Standard Auditing Practices (SAP) 23, "Related Parties" is issued by the Institute of Chartered Accountants of India. The auditor should perform audit procedures designed to obtain sufficient appropriate audit evidence. Management is responsible for the identification and disclosure of related parties and transactions with such parties.
The Statement on Standard Auditing Practices (SAP) 23, "Related Parties" is issued by the Institute of Chartered Accountants of India. The auditor should perform audit procedures designed to…