Abstrakt

An analysis of disclosure of IAS-24, related party disclosure of selected insurance company in Bangladesh.

Md. Mirajur Rahman

This paper reviews on IAS-24, Related-Party Disclosure in the context of insurance company in Bangladesh and discusses issues surrounding such disclosure. This study has also reviewed the annual reports of selected insurance companies and highlights issues of the requirements of regulatory authority for IAS-24, Related Party Disclosure. IAS-24, Related Party Disclosure states the related-party’s relationships of commerce and business. The purpose of this study is to identify content analysis using IAS-24, Related Party Disclosure to understand more about the effect of financial reporting. Effective financial reporting disclosure of related-party measures the strength of a company. In order to remove the asymmetry of accounting information worldly, this study has been focused on to analyze getting the actual scenario of related party disclosure and benefits of fully application of IAS-24, Related Party Disclosure for insurance companies. This study has also found out that the most insurance companies have poor application of IAS- 24, Related-Party Disclosure. With the evidence, this study has tried to present the scenario of related party disclosure in annual report and how to improve such disclosure, IAS- 24, Related- Party Disclosure efficiently.