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Under Ind AS 24, a "close member of the family of a person" includes all of the following EXCEPT:
AThe sibling of that person's grandparent
BChildren of that person's spouse or domestic partner
CThat person's spouse or domestic partner
DThat person's brother, sister, father and mother
Answer & Solution
Correct answer: A. The sibling of that person's grandparent
Close family under Ind AS 24 is limited to those who may be expected to influence or be influenced by the person in dealings with the entity: children, spouse/domestic partner, brother, sister, father, mother, children of the spouse/partner, and dependents of either. A grandparent's sibling falls outside this scope.
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