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Auditing and Assurance Standards Council (AASC)

The AASC is a ruling body in ensuring the excellence and uniformity of auditing and assurance related services in the country. The main objective of the AASC is to adopt the International Auditing and Assurance Standards Board (IAASB) standards and practice statements to attain uniformity of the local GAAS with the IAASB pronouncements. This harmonization is expected to enhance the reliability and acceptability of audited financial statements of Philippine companies.

Pronouncements

At present, AASC pronouncements are mainly adopted from the standards and practice statements issued by the International Auditing and Assurance Standards Board.

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Our Organization Goals Our Mission Statement

The Auditing and Assurance Standards Council (AASC) strives to attain uniformity and enhance the reliability and acceptability of audited financial statements of various companies in the Philippines by adopting standards from the IAASB.

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