I will let you know details of International Accounting Standard 24 Related Party Disclosures, so that you can get idea.

Objectives
The objective of this Standard is to ensure that an entity’s financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances, including commitments, with such parties.

Scope
This Standard shall be applied in:
(a) Identifying related party relationships and transactions; (b) identifying outstanding balances, including commitments, between an entity and its related parties

(c) Identifying the circumstances in which disclosure of the items in (a) and (b) is required

(d) Determining the disclosures to be made about those items.


International Accounting Standard 24 Related Party Disclosures