The following Quality Standards were approved by the Board of Accountancy on July 7, 2021 for adoption in the Philippines:
- International Standard on Quality Management 1 (Previously International Standard on Quality Control 1), Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements, issued by the International Auditing and Assurance Standards Board (IAASB) in December 2020, as Philippine Standard on Quality Management 1 (Previously Philippine Standard on Quality Control 1), Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements:
- International Standard on Quality Management 2, Engagement Quality Reviews, issued by the IAASB in December 2020, as Philippine Standard on Quality Management 2, Engagement Quality Reviews;
- International Standard on Auditing 220 (Revised), Quality Management for an Audit of Financial Statements, issued by the IAASB in December 2020, as Philippine Standard on Auditing 220 (Revised), Quality Management for an Audit of Financial Statements; and
- Conforming Amendments to ISAs and Related Material Arising from the Quality Management Projects issued by the IAASB in December 2020, as Philippine Standards om Auditing Conforming Amendments, Conforming Amendments to PSAs and Related Material Arising from the Quality Management Projects
Download The BOA Publication
Download The PSQM 1 – Quality Management for Firms
Download The PSQM 2 – Enagagement Quality Reviews
Download The PSQM – Quality Management Conforming Amendments
Download The PSA 220 (Revised)