Have your say on the Post-implementation Review of GRAP 109 (ED 200)

An article on Identifying principal-agent arrangements – the role of third parties in a principal-agent arrangement explores the relationships in a principal-agent arrangement. The ED asks the following related question to preparers of financial statements:

How do you experience identifying whether:

• an arrangement includes transactions with third parties; and
• the transactions with third parties are undertaken (by the agent) on behalf of and for the benefit of another party (the principal)?

To respond to the question, access the Exposure Draft here. The comment deadline is 15 September 2023.