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Author Archives: auditingaasc

Auditing and Assurance Standards Council (AASC)

Celebration of the Centenary Year of Philippine Accountancy Profession

Description Presidential declaration on the year-long celebration to commemorate the Centenary Year of the Philippine Accountancy Profession from March 18, 2022 to March 17, 2023. Date April 2022   Download...

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Auditing and Assurance Standards Council (AASC)

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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Auditing and Assurance Standards Council (AASC)

Philippine Standards on Auditing (PSA) 220 (Revised)

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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Auditing and Assurance Standards Council (AASC)

Philippine Standards on Related Services (PSRS) 4400 (Revised)

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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Auditing and Assurance Standards Council (AASC)

AASC Alert No. 002 Series of 2021

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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Auditing and Assurance Standards Council (AASC)

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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