Key Contacts

Judith V. Lopez
AASC Chairman

John-John Patrick V. Lim
AASC Secretary

For a complete list of AASC members, click here.


Recent Site Updates

PSA 810 - June 2012

PSA 805 - June 2012

PSA 710 - June 2012

PSA 700 - June 2012

PSA 210 - June 2012

PSA 200 - June 2012

PSRS 4400 - June 2012

PSRE 2410 - June 2012

PSRE 2400 - June 2012

PSAE 3400 - June 2012

PSQC 1 - June 2012

AASC Key Contacts - March 2012

Welcome to AASC Philippines


The Auditing and Assurance Standards Council (AASC) is the body authorized to establish and promulgate generally accepted auditing standards (GAAS) in the Philippines. At present, AASC pronouncements are mainly adopted from the standards and practice statements issued by the International Auditing and Assurance Standards Board (IAASB). Country-specific standards and practice statements are developed to address specific auditing issues not covered by the IAASB pronouncements.

The main objective of the AASC in adopting IAASB standards and practice statements is to attain uniformity of the local GAAS with the IAASB pronouncements. This harmonization is expected to enhance the reliability and acceptability of audited financial statements of Philippine companies. The AASC’s objectives, organization and working procedures are set out in the Preface to Philippine Standards on Quality Control, Auditing, Review, Other Assurance and Related Services.

The AASC replaced the Auditing Standards and Practices Council (ASPC). A brief history of ASPC is also available

AASC Pronouncements

The approach and working procedures used by the AASC in adopting AASC pronouncements, as well as the authority attaching to those pronouncements, are set out in the Preface to Philippine Standards on Quality Control, Auditing, Review, Other Assurance and Related Services.

Final AASC pronouncements, including those pending approval by the Board of Accountancy and the Professional Regulation Commission, are posted on the AASC website and may be downloaded free-of-charge.