Assets & GRAP
Related Party Disclosures
Related-party transactions and key management remuneration under GRAP 20.
Why related-party transparency matters to governance
GRAP 20 requires disclosure of related-party relationships and transactions, including key management remuneration, because such dealings carry heightened risk of conflict of interest, fraud and PRECCA contraventions. Complete related-party disclosure is a King IV governance expectation and a frequent area of AGSA scrutiny. AuditPro Core captures related-party relationships and transactions with their evidence so disclosures are complete and conflicts are visible.
The Numbers
AuditPro Core renders this view from your tenant's live, tamper-evident records. The figures below are illustrative sample data.
Related Parties Logged
184
officials & entities
Transactions Disclosed
R 92 m
arms-length tested
Conflict Flags
7
▲ under review
Undisclosed Detected
2
added late
Disclosed Transactions by Category (R m)
Key Management Remuneration
| Role | Posts | Remuneration (R m) |
|---|---|---|
| Municipal Manager | 1 | 3.2 |
| Section 56 Managers | 7 | 18.4 |
| Executive Mayor & MMC | 11 | 12.8 |
| Audit Committee | 5 | 1.4 |
Figures shown are illustrative sample data for demonstration. AuditPro Core renders these views from your own tenant's live, tamper-evident records.
Identifying related parties
Related parties include controlling entities, key management, their close family and entities they influence. The disclosure is only complete if these relationships are systematically identified, not self-declared in isolation.
Arm's-length assessment
Related-party transactions must be disclosed whether or not they are at arm's length. The concern is transparency over influence, so even normal-priced dealings require disclosure.
Key management remuneration
Remuneration of senior management and office-bearers is a required disclosure and a governance accountability point. It links directly to King IV expectations on fair and responsible pay.
Conflict and fraud risk
Undisclosed related-party dealings are a classic vehicle for conflicts of interest and corrupt procurement under PRECCA. Surfacing them is a control as much as a disclosure.
How AuditPro Core Bridges the Gap
- Relationship register: related parties are identified and maintained, reducing reliance on self-declaration alone.
- Transaction tagging: dealings with related parties are flagged regardless of pricing.
- Conflict flags: potential conflicts are surfaced for governance review.
- Audit-ready export: relationships, transactions and remuneration export for the GRAP 20 note.
Key Takeaways
- Related parties extend to key management and entities they influence.
- Transactions are disclosed whether or not they are at arm's length.
- Key management remuneration is a required, governance-linked disclosure.
- Undisclosed dealings are a conflict and PRECCA risk.
See This on Your Own Data
AuditPro Core renders this dashboard from your tenant's live, tamper-evident records — every figure traceable to source.