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Learn More About AASC’s Goals and Objectives
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The Auditing and Assurance Standards Council (AASC) pronouncements are mainly adopted from the standards and practice statements issued by the IAASB. The approach and working procedures used by the AASC in adopting these pronouncements as well as the authority attaching to those pronouncements are set out in the Preface to Philippine Standards on Quality Control, Auditing, Review, Other Assurance, and Related Services.

Final AASC pronouncements, including those pending approval by the Board of Accountancy and the Professional Regulation Commission, are posted on this website and may be downloaded for free here.


The standards issued by the AASC are in the form of the following:

Practice Statements

The AASC issues Philippine Auditing Practice Note (PAPN) [previously referred to as Philippine Auditing Practice Statements (PAPSs) that provide interpretative guidance and practical assistance to professional accountants in implementing PSAs and to promote good practice. Philippine Review Engagement Practice Statements (PREPSs), Philippine Assurance Engagement Practice Statements (PAEPSs), and Philippine Related Services Practice Notes (PRSPNs) [previously Philippine Related Services Practice Statements (PRSPSs)] are issued to serve the same purpose for implementation of PSREs, PSAEs, and PSRSs, respectively.

Implementation Guidance

The AASC issues Implementation Guidance on Practice Standards (IGPS) to help audit practitioners understand the standards and properly implement their requirements as intended.