Compliance with Ias-24, Related Party Disclosure in Listed Commercial Banks: Evidence from Bangladesh

This paper reviews on IAS-24, Related Party Disclosure in the context of listed commercial banks in Bangladesh and discusses issues surrounding such disclosure. And, this study highlights the compliance of IAS-24, Related Party Disclosure requirements of listed banks as well as the role of regulatory authorities. IAS-24, Related Party Disclosure states the related-party relationships of commerce and business. 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. This study also identify that most banks 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 to meet the demand of information users.

Keywords: Compliance, IAS-24, Related Party Disclosure, Regulatory Framework.