• Don’t hesitate to contact us through the following: ph-aascsecretariat@kpmg.com
  • Visit our office today! We are located at:
    The KPMG Center, 6/F 6787 Ayala Avenue Makati City 1209, Philippines

Author Archives: auditingaasc

Auditing and Assurance Standards Council (AASC)

Philippine Standards on Auditing (PSA) 315 (Revised 2019)

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...

Read More ›
Auditing and Assurance Standards Council (AASC)

Philippine Standards on Auditing (PSA) 540 (Revised)

The Auditing and Assurance Standards Council (AASC) has approved on May 21, 2019 the adoption of International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures, and, Conforming and Consequential...

Read More ›
Auditing and Assurance Standards Council (AASC)

Philippine Standards on Auditing (PSA) 250 (Revised)

The Auditing and Assurance Standards Council (AASC) has approved on May 28, 2018 the adoption of International Standard on Auditing 250 (Revised), Consideration of Laws and Regulations in an Audit of Financial Statements, Including Related...

Read More ›
Auditing and Assurance Standards Council (AASC)

AASC Alert No. 003 Series of 2021

Description On December 15, 2020, the Securities and Exchange Commission (SEC) issued SEC Memorandum Circular No. 34, Series of 2020 (referred to herein after as “the Circular”) which provides reliefs to the real estate industry by deferring...

Read More ›
Auditing and Assurance Standards Council (AASC)

AASC Alert No. 001 Series of 2021

Auditors' Practice Guidance on SEC Memorandum Circular No. 32, Series of 2020 Description On November 17, 2020, the Securities and Exchange Commission (SEC) issued SEC Memorandum Circular No. 32, Series of 2020 (referred to herein after as “the...

Read More ›
Auditing and Assurance Standards Council (AASC)

AASC Alert No. 005 Series of 2020

ISA 540 (Revised) Implementation - Expected Credit Losses Illustrative Examples Description The International Auditing and Assurance Standards Board (IAASB), through its working group, has published ISA 540 (Revised) Implementation - Expected...

Read More ›