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    PSA 220 (Rev.)

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    Jodi Ann Echavia Alvarez
    This Philippine Standard on Audit establishes requirements regarding quality control procedures for audits of historical financial information. It requires firms to establish policies and procedures covering leadership responsibilities, ethical requirements, client acceptance, engagement team management, engagement performance, and monitoring to provide reasonable assurance quality audits are performed. The standard is effective for audits of historical financial information for periods beginning on or after June 15, 2006.

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    PSA 220 (Rev.)

    Uploaded by

    Jodi Ann Echavia Alvarez
    35 views1 page
    This Philippine Standard on Audit establishes requirements regarding quality control procedures for audits of historical financial information. It requires firms to establish policies and procedures covering leadership responsibilities, ethical requirements, client acceptance, engagement team management, engagement performance, and monitoring to provide reasonable assurance quality audits are performed. The standard is effective for audits of historical financial information for periods beginning on or after June 15, 2006.

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    PSA 220

    Original Title

    PSA_220_(Rev.)

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    This Philippine Standard on Audit establishes requirements regarding quality control procedures for audits of historical financial information. It requires firms to establish policies and procedures covering leadership responsibilities, ethical requirements, client acceptance, engagement team management, engagement performance, and monitoring to provide reasonable assurance quality audits are performed. The standard is effective for audits of historical financial information for periods beginning on or after June 15, 2006.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    35 views1 page

    PSA 220 (Rev.)

    Uploaded by

    Jodi Ann Echavia Alvarez
    This Philippine Standard on Audit establishes requirements regarding quality control procedures for audits of historical financial information. It requires firms to establish policies and procedures covering leadership responsibilities, ethical requirements, client acceptance, engagement team management, engagement performance, and monitoring to provide reasonable assurance quality audits are performed. The standard is effective for audits of historical financial information for periods beginning on or after June 15, 2006.

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    © All Rights Reserved
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    PSA 220

    (Revised)

    PHILIPPINE STANDARD ON AUDITING 220 (REVISED)

    QUALITY CONTROL FOR AUDITS OF HISTORICAL


    FINANCIAL INFORMATION
    (Effective for audits of historical financial information for *
    periods beginning on or after June 15, 2006)
    CONTENTS
    Paragraphs
    Introduction .

    1-4

    Definitions ...

    Leadership Responsibilities for Quality on Audits .

    Ethical Requirements ..

    8-13

    Acceptance and Continuance of Client Relationships and Specific


    Audit Engagements ...

    14-18

    Assignment of Engagement Teams .

    19-20

    Engagement Performance

    21-40

    Monitoring ...

    41-42

    Effective Date ..

    43-44

    Acknowledgment

    45-46

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