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PHILIPPINE STANDARD ON RELATED SERVICES 4400 (Previously PSA 920) ENGAGEMENTS TO PERFORM AGREEDUPON PROCEDURES REGARDING FINANCIAL INFORMATION CONTENTS Paragraph Introduction ... ..............................................................................................................
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The Philippine Standard on Related (PSR) is a set of guidelines and regulations that dictate the proper handling and disclosure of related party transactions.
All entities, including corporations, partnerships, and other business structures, are required to file the Philippine Standard on Related (PSR) if they engage in related party transactions.
To fill out the Philippine Standard on Related (PSR), entities must provide detailed information about their related party transactions, including the nature of the transactions, the parties involved, and the amounts involved.
The purpose of the Philippine Standard on Related (PSR) is to promote transparency and accountability in related party transactions to prevent conflicts of interest and ensure fair treatment of all parties involved.
Entities must report information such as the nature of related party transactions, the identities of the related parties, the amounts involved, and any other relevant details that may impact the entity's financial position.
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