The National Accounting Standards Board (NASB) has prepared 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 prepared 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 members state their principal consent with the changes to IAS 24 proposed by the IASB. However some alternative wordings are offered to improve standard intelligibility when translating it into other languages and to remove existing inconsistencies and contradictions at current IAS 24. The NASB invites experts to express their views. Please send your comments before May 21, 2007 to This email address is being protected from spambots. You need JavaScript enabled to view it. or post them at the forum of the NOFA foundation website.