Philippine Auditing Standards

Objectives of Independent Auditor and Conduct of an Audit – PSA 200

by Arms Dealer FTW • August 3, 2012 • Filed Under Philippine Auditing Standards

Scope of this PSA 1. This Philippine Standard on Auditing (PSA) establishes the independent auditor’s overall responsibilities when conducting an audit of financial statements in accordance with PSAs. Specifically, it sets out the overall objectives of the independent auditor, and explains the nature and scope…

Framework of Philippine Standards on Auditing (PSA 120) – CPA Philippine Auditing Standards

by Bryce Zapanta • July 29, 2012 • Filed Under Philippine Auditing Standards

Introduction 1. The Auditing Standards and Practices Council has been authorized to issue Philippine Standards on Auditing (PSAs). The purpose of this document is to describe the framework within which PSAs are issued in relation to the services which may be performed by auditors. 2.…

Interim Terms of Reference (IAASB) – CPA Philippine Auditing Standards

by Red Magpantay • July 18, 2012 • Filed Under Philippine Auditing Standards

The mission of the International Federation of Accountants (IFAC), as set out in its constitution, is “the worldwide development and enhancement of an accountancy profession with harmonized standards, able to provide services of consistently high quality in the public interest.” In pursuing this mission, the…

Preface To The Int’l Standards on Quality Control and Auditing

by Ben Daggers • July 3, 2012 • Filed Under Philippine Auditing Standards

INTRODUCTION 1. This preface to the International Standards on Quality Control, Auditing, Review, Other Assurance and Related Services (“International Standards” or “IAASB’s Standards”) is issued to facilitate understanding of the objectives and operating procedures of the International Auditing and Assurance Standards Board (IAASB) and the…

Glossary of Terms December 2002 – CPA Philippine Auditing Standards

by Ben Daggers • January 3, 2012 • Filed Under Philippine Auditing Standards

This ASPC Glossary of Terms (December 2002) is based on the Glossary of Terms (December 2002) issued by the International Auditing and Assurance Standards Board (IAASB) of the International Federation of Accountants. There are no significant differences between this ASPC Glossary and the IAASB. Glossary…