The Auditing and Assurance Standards Council (AASC) has approved on September 29, 2025 the adoption of Narrow Scope Amendments to ISQMs, ISAs, and ISRE 2400 (Revised) as a Result of the Revisions to the Definitions of Listed Entity and Public Interest Entity in the IESBA Code in the Philippines, issued by the International Auditing and Assurance Standards Board (IAASB) in August 2025, as Narrow Scope Amendments to PSQMs, PSAs, and PSRE 2400 (Revised) as a Result of the Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code of Ethics for Professional Accountants in the Philippines.
