The applicable financial reporting framework may require appropriate disclosure of related party transactions in the financial statements. Select from the option list provided the reason for the performance of each procedure below. Each choice may be used once, more than once, or not at all.

3. Request personal financial statements from each member of the board of directors. Select an option below 4. Confirm the transaction amount and terms, including guarantees and other significant data O Not typically performed relative to related party transactions with the other parties. O Determine existence of related parties 5. Discuss significant information with intermediaries, such as banks or attorneys. O Identify related party transactions 6. Consider whether unrecognized transactions O Examine related pasty transactions are occurring, such as a major shareholder . absorbing entity expenses. 7. Inspect and obtain satisfaction concerning th transferability and value of collateral. 8. Test for reasonableness the compilation of RESET CANCEL ACCEPT amounts to be disclosed or considered for disclosure. 9. Review accounting records for unusual or nonrecurring transactions, especially those occurring near the end of the period. 6 2010