News and Updates
Author Archives: auditingassurance
Narrow Scope Amendments to PSA 700 (Revised) and PSA 260 (Revised)
The Auditing and Assurance Standards Council (AASC) has approved on January 29, 2024 the adoption of International Standards on Auditing Narrow Scope Amendments to ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements; and ISA...
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AASC Alert No. 001 Series of 2024
Impact of Amendments to PAS 1, Presentation of Financial Statements on Report of Independent Auditor and Other Aspects of an Audit Engagement Description On August 25, 2021, the Professional Regulatory Board of Accountancy (the Board) issued...
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IGPS No. 003 series of 2023
Date: December 2023 The Auditing and Assurance Standards Council (AASC) has approved on December 18, 2023 the adoption of Quality Management Series: Small Firm Implementation, Installment Two: Developing a Detailed Implementation Plan of the IAASB...
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Conforming and Consequential Amendments to Other Philippine Standards as a Result...
The Auditing and Assurance Standards Council has approved on January 31, 2022 the adoption of IAASB's International Standards, Conforming and Consequential Amendments to IAASB's Other Standards as a Result of the New and Revised Quality Management...
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PRSPN No. 001 series of 2022
Date: July 2022 Philippine Related Services Practice Notes (PRSPNs) are issued by the Auditing and Assurance Standards Council (AASC) to provide practical assistance to practitioners and to promote good practice. They also provide material that...
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IGPS No. 002 series of 2023
Date: January 2023 The Auditing and Assurance Standards Council (AASC) has approved on January 30, 2023 the adoption of Quality Management Series: Small Firm Implementation, Installment One: It is time to get ready for the new quality management...
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