AICPA - develops standards for audits of
private companies and other services by
CPAs
PICPA - develops standards for audits of
private companies and other services by
CPAs here in the Philippines
PCAOB - created by the Sarbanes–Oxley
Act of 2002 to oversee the audits of public
companies and other issuers in order to
protect the interests of investors and
further the public interest in the
preparation of informative, accurate and
independent audit reports.
PSA 120 - Framework of Philippine
Standards on Auditing
PSA 200 (Revised and Redrafted) - Overall
Objectives of the Independent Auditor and
the Conduct of an Audit in Accordance with
International Standards on Auditing
PSA 210 (Redrafted) – Agreeing the Terms
of Audit Engagements
PSA 220 (Redrafted) – Quality Control for
Audits of Historical Financial Statements
PSA 230 (Redrafted) – Audit
Documentation
PSA 240 (Redrafted) – The Auditor’s
Responsibility to Consider Fraud in an Audit
of Financial Statements
PSA 250 (Redrafted) – Consideration of
Laws and Regulations in an Audit of
Financial Statements
PSA 260 (Revised and Redrafted) –
Communication with Those Charged with
Governance
PSA 265 (New) - Communicating
Deficiencies in Internal Control to Those
Charged with Governance and Management
PSA 300 (Redrafted) – Planning an Audit of
Financial Statements
PSA 315 (Redrafted) – Identifying and
Assessing the Risks of Material
Misstatement through Understanding the
Entity and Its Environment
PSA 320 (Revised and Redrafted) –
Materiality in Planning and Performing an
Audit
PSA 330 (Redrafted) – The Auditor's
Responses to Assessed Risks
PSA 402 (Revised and Redrafted) – Audit
Considerations Relating to Entities Using
Service Organizations
PSA 500 (Redrafted) – Audit Evidence
PSA 501 (Redrafted) – Audit Evidence –
Additional Considerations on Specific Items
PSA 505 (Revised and Redrafted) – External
Confirmations
PSA 510 (Redrafted) – Initial Audit
Engagements-Opening Balances
PSA 520 (Redrafted) – Analytical
Procedures
PSA 530 (Redrafted) – Audit Sampling
PSA 540 (Revised and Redrafted) – Auditing
Accounting Estimates, Including Fair Value
Accounting Estimates, and Related
Disclosures
PSA 550 (Revised and Redrafted) – Related
Parties
PSA 560 (Redrafted) – Subsequent Events
PSA 570 (Redrafted) – Going Concern
PSA 580 (Revised and Redrafted)– Written
Representations
PSA 600 (Revised and Redrafted) – Special
Considerations-Audits of Group Financial
Statements (Including the Work of
Component Auditors)
PSA 610 (Redrafted) – Using the Work of
PAPS
Internal Auditors
PSA 620 (Revised and Redrafted) – Using
the Work of an Expert
PSA 700 (Redrafted) – The Independent
Auditor’s Report on a Complete Set of
General Purpose Financial Statements
PSA 705 (Revised and Redrafted) -
Modifications to the Opinion in the
Independent Auditor's Report
PSA 706 (Revised and Redrafted) -
Emphasis of Matter Paragraphs and Other
Matter Paragraphs in the Independent
Auditor's Report
PSA 710 (Redrafted)– Comparative
Information-Corresponding Figures and
Comparative Financial Statements
PSA 720 (Redrafted) – The Auditor's
Responsibilities Relating to Other
Information in Documents Containing
Audited Financial Statements
PSA 800 (Revised and Redrafted) – Special
Considerations-Audits of Financial
Statements Prepared in Accordance with
Special Purpose Frameworks
PSA 805 (Revised and Redrafted) - Special
Considerations-Audits of Single Financial
Statements and Specific Elements, Accounts
or Items of a Financial Statement
PSA 810 (Revised and Redrafted) -
Engagements to Report on Summary
Financial Statements
 PAPS 1000 – Inter-Bank Confirmation
Procedures
 PAPS 1002Ph (Revised) - The Auditor's
Report on General Purpose Financial
Statements Prepared in Accordance
with a Philippine Financial Reporting
Framework Other than PFRS
 PAPS 1003Ph - Guidance in Dealing with
Reports Required by the SEC Relating to
Increase in Capital Stock of a
Corporation
 PAPS 1002 – IT ENVIRONMENTS - ON-
LINE COMPUTER SYSTEMS -
effects of an online computer system o
n the accounting system and related int
ernal controls and on audit procedures.
 PAPS 1003 - IT Environments -
Database Systems – describes the
effects of a database system on the
accounting system and related
internalcontrols and on audit
procedures
 PAPS 1004 – The Relationship Between
Bangko Sentral ng Pilipinas (BSP) and
Banks’ External Auditors
  PAPS 1008: RISK ASSESSMENTS AND
INTERNAL CONTROL⎯CIS
CHARACTERISTICS AND
CONSIDERATION

 PAPS 1009 - COMPUTER-ASSISTED

AUDIT TECHNIQUES

PSAE
PSAE 3000 (Rev.) – Assurance Engagements
Other Than Audits or Reviews of Historical
Financial Statements

PSAE 3400 – The Examination of Prospective

Financial Information including examination
procedures for best estimate and hypothetical
assumptions.