alleryStart learning →Under Ind AS 24, key management personnel include any director of the entity, whether:
ANominee directors only
BExecutive or otherwise
CExecutive directors only
DWhole-time directors only
Answer & Solution
Correct answer: B. Executive or otherwise
The definition of key management personnel expressly covers any director, whether executive or otherwise, along with others who plan, direct and control activities.
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Related questions
The core principle of Ind AS 108 is to help users evaluate the:Where equity-method investments sit in segment assets, the entity discloses:Which item is disclosed if in the decision maker's profit measure?Entities known to be under common control are treated, for major customers, as:Geographical non-current assets exclude:Geographical revenue must be shown for the country of domicile and:Which revenue must be reported for each product or service group?Entity-wide disclosures in paragraphs 32 to 34 apply to: