Which of the following mostly describes the
function of AASC?
a. To monitor full compliance by auditors to
PSAs.
b. To assist the Board of Accountancy in
conducting administrative proceedings
on erring CPAs in audit practice.
c. To promulgate auditing standards,
practices and procedures that shall
be generally accepted by the
accounting profession in the
Philippines.
d. To undertake continuing research on both
auditing and financial accounting in order
to make them responsive to the needs of
the public
function of AASC?
a. To monitor full compliance by auditors to
PSAs.
b. To assist the Board of Accountancy in
conducting administrative proceedings
on erring CPAs in audit practice.
c. To promulgate auditing standards,
practices and procedures that shall
be generally accepted by the
accounting profession in the
Philippines.
d. To undertake continuing research on both
auditing and financial accounting in order
to make them responsive to the needs of
the public