Practice Statements
Pronouncements | Standards | Practice Statements
The AASC issues 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 Statements (PRSPSs) are issued to serve the same purpose for implementation of PSREs, PSAEs and PSRSs, respectively.