International Accounting Standards: From UK Standards to IAS: An Accelerated Route to Understanding the Key Principles

The definition of a related party under UK GAAP is wider than its international counterpart and hence it is possible that a UK-related party might escape the international net.
Segmental reporting per IAS 14 requires more extensive disclosures particularly for the primary reporting format.
International rules do not allow the avoidance of segmental disclosures on the grounds that it is seriously prejudicial to the business.