News and Updates
Philippine Standard on Auditing 570 (Revised...
The Auditing and Assurance Standards Council (AASC) has approved on September 29, 2025 the adoption of International Standard on Auditing 570 (Revised 2024), Going Concern Including Conforming and Consequential Amendments to Other International...
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Philippine Standard on Auditing 240 (Revised)
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...
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Narrow Scope Amendments to PSQMs, PSAs,...
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...
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IGPS No. 001 series of 2025
Date: February 2025 The Auditing and Assurance Standards Council (AASC) has approved on January 24, 2025 the adoption of Quality Management Series: Small Firm Implementation, Installment Three: Monitoring and Remediation of the IFAC in its entirety...
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Philippine Standard on Sustainability Assurance 5000...
The Auditing and Assurance Standards Council (AASC) has approved on January 27, 2025 the adoption of International Standard on Sustainability Assurance 5000 (ISSA 5000), General Requirements for Sustainability Assurance Engagements and Conforming...
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AASC Alert No. 001 Series of...
Impact of Change of Naming Convention of Accounting Standards on Report of Independent Auditor Description On January 22, 2025, the Philippine Financial and Sustainability Reporting Standards Council (FSRSC) has announced in its website that the...
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