AASC

The AASC is the body authorized to establish and promulgate generally accepted auditing standards (GAAS) in the Philippines. At present, AASC pronouncements are mainly adopted from the standards and practice statements issued by the International Auditing and Assurance Standards Board (IAASB). Country-specific standards and practice statements are developed to address specific auditing issues not covered by the IAASB pronouncements... The AASC is a ruling body in ensuring the excellence and uniformity of auditing and assurance related services in the country. The main objective of the AASC is to adopt the International Auditing and Assurance Standards Board (IAASB) standards and practice statements to attain uniformity of the local GAAS with the IAASB pronouncements. This harmonization is expected to enhance the reliability and acceptability of audited financial statements of Philippine companies.

Primary location: Makati City Philippines