Philippine Standards on Auditing (PSAs) are to be applied, as appropriate, in the audit of historical financial information.



2 thoughts on “PSAs

  1. How do you compute for future minimum lease payment for note disclosure in fs given these data:
    Monthly rent From To
    100,000.00 12/1/2012 11/30/2013
    173,500.00 2/1/2013 1/31/2014

    how much is Future minimum rent payments under:
    Not later than one (1) year
    Later than one (1) year and not later than five (5) years

    Rent is actually renewable

    Posted by Dru | April 5, 2013, 4:46 am
  2. Hi Dru, the term itself “minimum lease payment” can explain how to compute for the disclosure required. Just get the contractually due payments within the timeframe required for disclosure and that’s it. 🙂

    Posted by leecpa | April 5, 2013, 4:35 pm

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