Preface to International Standards and Philippine Standards

Preface to International Standards and Philippine Standards...

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Unformatted text preview: Preface Auditing Standards and Practices Council PREFACE TO THE INTERNATIONAL STANDARDS ON QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE AND RELATED SERVICES AND PREFACE TO THE PHILIPPINE STANDARDS ON QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE AND RELATED SERVICES Preface PREFACE TO THE INTERNATIONAL STANDARDS ON QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE AND RELATED SERVICES AND PREFACE TO PHILIPPINE STANDARDS ON QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE AND RELATED SERVICES CONTENTS Pages Preface to the International Standards on Quality Control, Auditing, Review, Other Assurance and Related Services Preface to Philippine Standards on Quality Control, Auditing, Review, Other Assurance and Related Services Appendix: Structure of Pronouncements issued by the IAASB and ASPC 1-12 13-20 Preface The Preface to the International standards on Quality Control, Auditing, Review, Other Assurance and Related Services has been approved by the Board of the International Federation of Accountants in July 2003. Minor conforming amendments have been reflected subsequent to July 2003. Further changes have been reflected based on the proposed amendments issued in July 2004 relating to the IAASB due process and working procedures. In the year 2001, the Auditing Standards and Practices Council (ASPC) of the Philippines has decided to adopt International Standards on Auditing (ISAs) and International Auditing Practice Statements (IAPSs) issued by the then International Auditing Practices Committee (IAPC), now the International Auditing and Assurance Standards Board (IAASB) which was established by the International Federation of Accountants (IFAC) to take over the development and issuance of International Standards on Quality Control, Auditing, Assurance and Related Services, collectively referred to as IAASBs Standards and Practice Statements. As part of its decision to adopt IAASBs technical pronouncements, the ASPC has adopted the Preface to the International Standards on Quality Control, Auditing, Review, Other Assurance and Related Services presented in this document. At the same time, for the information of interested parties, the ASPC has also adopted a similar Preface called Preface to Philippine Standards on Quality Control, Auditing, Review, Other Assurance and Related Services presented starting on page 13 which supersedes the Preface to Philippine Standards on Auditing and Related Services previously issued by the ASPC. -1- Preface PREFACE TO THE INTERNATIONAL STANDARDS ON QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE AND RELATED SERVICES CONTENTS Paragraphs Introduction The International Auditing and Assurance Standards Board The Authority Attaching to International Standards Issued by the International Auditing and Assurance Standards Board The Authority Attaching to Practice Statements Issued by the International Auditing and Assurance Standards Board Other Papers Published by the International Auditing and Assurance Standards Board Working Procedures Language 1-4 5-9 10-19 20-21 22 23-48 49...
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This note was uploaded on 11/30/2011 for the course ECON 310 taught by Professor Johnsmith during the Spring '11 term at Kentucky.

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Preface to International Standards and Philippine Standards...

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