Related party transactions have been an area of focus for regulators due to their risk of fraudulent financial reporting and their inappropriate disclosure/presentation in the financial statements. But does anybody really understand what represents a related party transaction? This CPE eligible course (1.0 CPE) will discuss the scope and various definitions of a related party transaction (because there are many regulations you must consider when identifying and defining a related party transaction). This course will also cover the required disclosures and the procedures that both entities and auditors need to perform surrounding related party transactions.