News and Updates
AASC Alert No. 003 Series of...
Description In response to auditing challenges and circumstances brought about by the COVID-19 pandemic, which continues to disrupt markets, businesses and organizations, the International Auditing and Assurance Standards Board (IAASB) has...
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AASC Alert No. 004 Series of...
Description In response to auditing challenges and circumstances brought about by the COVID-19 pandemic, which continues to disrupt markets, businesses and organizations, the International Auditing and Assurance Standard Board (IAASB) has published...
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AASC Alert No. 002 Series of...
Description On January 08, 2020, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) approved amendments to relevant provisions of the: (a) Manual of Regulations for Banks (MORB) and Manual of Regulation on Foreign Exchange Transactions...
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PAPN No. 001 of S2020
Audit Considerations on the Occurrence of an Extraordinary Event Description Philippine Auditing Practice Notes (PAPN or Notes) are issued by the Auditing and Assurance Standards Council (AASC) to provide assistance in implementing the...
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AASC Alert No. 001 Series of...
Reporting on the Components of Financial Soundness Indicators Description On August 19, 2019, the Securities and Exchange Commission (the Commission) issued the Revised Securities Regulation Code (SRC) Rule 68. Section 5 (C) of the Revised SRC...
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AASC Alert No. 002 Series of...
AASC Alert Series 002 of 2017, Questions and Answers on Compilation Reports Required by Resolution 03-2016 of the Professional Regulatory Board of Accountancy (BOA) Description Questions and Answers on Compilation Reports Required by Resolution...
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