Training Partner Case Study: Related Parties The training partner in your office is aware that you have covered ISA (UK) 550 Related Parties in your Professional Stage studies. He has asked you to help him prepare for a training session he is about to give.

Prepare notes for a training session for junior staff on how to identify related party transactions. Your notes should include the following:

a) A list of possible features which would lead you to investigate a particular transaction to determine whether it is in fact a related party transaction.