Get the free PHILIPPINE STANDARD ON AUDITING 705 (REVISED)

Communication with Those Charged with Governance. Application and Other Explanatory Material A1 A2 A12 A13 A16 A1 7 A26 A27 Appendix Illustrations of Auditor s Reports with Modifications to the Opinion Philippine Standard on Auditing PSA 705 Revised Modifications to the Opinion in the Independent Auditor s Report should be read in conjunction with PSA 200 Overall Objectives of the Auditing. Ref Para. A1 This PSA is effective for audits of financial statements for periods ending on or after...

How to fill out philippine standard on auditing

How to fill out philippine standard on auditing

1. Read the Philippine Standard on Auditing (PSA) guidelines thoroughly
2. Understand the different sections and requirements of the PSA
3. Gather all the necessary information and documents related to the audit
4. Start filling out the PSA by providing relevant details about the audited entity
5. Follow the point-by-point instructions mentioned in the PSA
6. Provide a detailed analysis of financial statements and supporting documents
7. Include any significant findings or observations during the audit process
8. Ensure that all sections of the PSA are properly filled out and signed off
9. Review the completed PSA for accuracy and completeness
10. Submit the filled out PSA according to the designated procedures

Who needs philippine standard on auditing?

1. Certified Public Accountants (CPAs) conducting audits in the Philippines
2. Companies and organizations required by law or regulations to undergo auditing
3. Government agencies and entities subject to scrutiny and accountability measures
4. Investors and shareholders interested in the financial performance and compliance of businesses
5. Lenders and financial institutions assessing the creditworthiness of borrowers
6. Audit firms and professionals providing audit services to clients
7. Internal auditors ensuring adherence to Philippine auditing standards within organizations

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What is philippine standard on auditing?

The Philippine Standard on Auditing (PSA) is a set of guidelines and procedures that auditors must follow when conducting audits.

Who is required to file philippine standard on auditing?

Auditors and auditing firms in the Philippines are required to follow the Philippine Standard on Auditing when conducting audits.

How to fill out philippine standard on auditing?

To fill out the Philippine Standard on Auditing, auditors must carefully follow the guidelines and procedures outlined in the standard.

What is the purpose of philippine standard on auditing?

The purpose of the Philippine Standard on Auditing is to ensure that audits are conducted in a thorough and consistent manner, providing reliable information for decision-making purposes.

What information must be reported on philippine standard on auditing?

The Philippine Standard on Auditing requires auditors to report on the financial statements of companies and organizations, providing an opinion on their accuracy and compliance with accounting standards.