Related party disclosures require naming related parties and detailing the nature, volume and outstanding balances of transactions. The Standard requires disclosure of related party relationships and transactions, identifying parties and the nature of control or significant influence; it mandates naming related parties where control exists and, for transactions, disclosure of the transacting party, relationship, nature and volume of transactions, outstanding balances and provisions, and other elements necessary for understanding the financial statements, while allowing aggregation by type only where aggregation does not obscure material transactions and permitting exemptions where statutory confidentiality or consolidation principles apply.