Auditing and Assurance Standards Council
IAASB -Interim Terms of Reference (August 2004)
Philippine Framework for Assurance Engagements
Preface to International Standards and Philippine
Standards
•PSA 120- Frarmework of Philippine Standards on
Auditing
•PSA 200- Overal Objectives of the Independent Auditor
and the Conduct of an Audit in Accordance with
International Standards on Auditing
•PSA 210- Agreeing the Terms of Audit Engagements
•PSA 220- Quality Control for Audits of Historical
Financial Statements
•PSA 230- Audit Documentation
•PSA 240- The Auditor's Responsibility to Consider
Fraud in an Audit of Financial Staterments
•PSA 250- Consideration of Laws and Regulations in an
Audit of Financial Staterments
•PSA 260 -Communication with Those Charged with
Governance
•PSA 265-Communicating Deficiencies in Internal
Control to Those Charged with Governance and
Management
•PSA 300- Planning an Audit of Financial Statements
•PSA 315- Identifying and Assessing the Risks of Material
Misstatement through Understanding the Entity and its
Environment
•PSA 320 - Materiality in Planning and Performing an
Audit
•PSA 330 - The Auditor's Responses to Assessed Risks
•PSA 402 - Audit Considerations Relating to Entities
Using Service Organizations
•PSA 500- Audit Evidence
•PSA 501- Audit Evidence - Additional Considerations on
Specific terms
•PSA 505- External Confirmations
•PSA 510- Initial Audit Engagements-Opening Balances
•PSA 520 - Analytical Procedures
•PSA 530- Audit Sampling
•PSA 540- Auditing Accounting Estimstes, Including Fair
Value Accounting Estimates, and Related Disclosures
•PSA 550- Related Parties
•PSA 560- Subsequent Events
•PSA 570- Going Concern
•PSA 580- Written Representations
•PSA 600-Special Considerations- Audits of Group
Financial Staternents (Including the Work of Component
Auditors)
•PSA 610- Using the Work of Internal Auditors
•PSA 620- Using the Work of an Expert
•PSA 700- The Independent Auditor's Report on a
Complete Set of General Purpose Financial Statements
•PSA 705- Modifications to the Opinion in the
Independent Auditor's Report
•PSA 706- Emphasis of Matter Paragraphs and Other
Matter Paragrsphs in the lndependent Auditor's Report
•PSA 710- Comparative information-Coresponding
Figures and Comparative Financial Statements
•PSA 720- The Auditor's Responsibilities Relating to
Other Information in Documents Containing Audited
Financial Statements
•PSA 800- Special Considerations- Audits of Financial
Statements Prepared in Accordance with Special
Purpose Frameworks
•PSA 805- Special Considerations- Audits of Single
Financial Statements and Specific Elements, Accounts or
Items of a Financial Statement
•PSA 810- Engagements to Report on Summary Financial
Statements
