News and Updates
Philippine Standards on Quality Management (PSQM)
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...
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Philippine Standards on Auditing (PSA) 220...
The Auditing and Assurance Standards Council (AASC) has approved on February 1, 2021 the adoption of International Standard on Auditing 220 (Revised), Quality Management for an Audit of Financial Statements, issued by the International Auditing and...
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Philippine Standards on Related Services (PSRS)...
The Auditing and Assurance Standards Council (AASC) has approved the International Standard on Related Services 4400 (Revised), Agreed-upon Procedures Engagements, which has been approved for adoption by the Auditing and Assurance Standards Council...
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AASC Alert No. 002 Series of...
Auditors' Practice Guidance on SEC Memorandum Circular No. 35, Series of 2020 Description On December 28, 2020, the Securities and Exchange Commission (SEC) issued SEC Memorandum Circular No. 35, Series of 2020 (referred to herein after as "the...
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PAPN No. 001 of 2021
Date: October 2021 Philippine Auditing Practice Notes (PAPN) are issued by the Auditing and Assurance Standards Council (AASC) to provide practical assistance to auditors and to promote good practice. They also provide material that auditing firms...
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Philippine Standards on Auditing (PSA) 315...
The Auditing and Assurance Standards Council (AASC) has approved on March 2, 2020 the adoption of International Standard on Auditing (ISA) 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement, and Conforming and...
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