The Auditing and Assurance Standards Council (AASC) has approved on September 29, 2025 the adoption of International Standard on Auditing 240 (Revised), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements Including Conforming and Consequential Amendments to Other IAASB International Standards issued by the International Auditing and Assurance Standards Board (IAASB) in July 2025, as Philippine Standard on Auditing 240 (Revised), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements Including Conforming and Consequential Amendments to Other Philippine Auditing Standards.
