The National Accounting Standards Board (NASB) has submitted to the IASB a draft comment letter on the IASB Exposure Draft of Proposed Amendments to IAS 24 Related Party Disclosure: state-controlled Entities and the Definition of a Related Party. The National Accounting Standards Board (NASB) has submitted to the IASB a draft comment letter on the IASB Exposure Draft of Proposed Amendments to IAS 24 Related Party Disclosure: state-controlled Entities and the Definition of a Related Party. The NASB supports the activities of the IASB aimed at improving the IFRS’s text to facilitate its perception and translation into national languages, and believes that proposed amendments are consistent with this purpose. The NASB agrees with the proposal to relieve a reporting entity from the disclosure requirements of paragraph 17 in relation to an entity which is controlled or significantly influenced by a state in respect of transactions with other entities, which are controlled or significantly influenced by the same state (or its bodies) except for those cases, when one of these entities influences another. The NASB expresses its principal consent with the elimination of excessive disclosure requirements in relation to such entities, because the NASB believes, that in this case costs don’t correspond with additional benefits, which can be taken by potential users. However, the NASB considers the proposed wording somewhat inaccurate and suggests that the matter should rather concern state’s influence in respect of relations between these entities than entities influence one another. The NASB expresses its support to the IASB on the question of proposed amendments to the definition of a related party. Besides, the NASB proposes, that some additional editorial notes should be taken into account, namely amendments concerning the definition of close members of the family and disclosure requirements about commitments to do something if a particular event occurs in the future or transactions resulted from such commitments.