The Philippine Standards on Auditing issued
by the Auditing and Assurance Standards
Council (AASC)
a. Must be followed in all situations.
b. Are interpretations of generally
accepted auditing standards
c. Are optional guidelines which an auditor
may choose to follow or not follow when
conducting an audit.
d. Are the equivalent of laws for audit
practitioners
by the Auditing and Assurance Standards
Council (AASC)
a. Must be followed in all situations.
b. Are interpretations of generally
accepted auditing standards
c. Are optional guidelines which an auditor
may choose to follow or not follow when
conducting an audit.
d. Are the equivalent of laws for audit
practitioners