 Preface to International Standards and
– Identifying and Assessing
Philippine Standards
 PSA 120 – Framework of Philippine Standards on
Auditing
 Glossary of Terms
 IAASB – Interim Terms of Reference
 PSA 240 (Redrafted) – The Auditor’s Responsibility
to Consider Fraud in an Audit of Financial
Statements
 PSA 315 (Redrafted) 
the Risks of Material Misstatement through
Understanding the Entity and Its Environment
 PSA 550 (Revised and Redrafted) – Related
Parties
 PSA 600 (Revised and Redrafted) – Special
Considerations-Audits of Group Financial
Statements (Including the Work of Component
Auditors)
 PSA 200 (Revised and Redrafted) – Overall  PSA 805 (Revised and Redrafted) – Special
Objectives of the Independent Auditor and the Considerations-Audits of Single Financial
Conduct of an Audit in Accordance with International Statements and Specific Elements, Accounts or
Standards on Auditing Items of a Financial Statement
 PSA 320 (Revised and Redrafted) – Materiality in  PSA 810 (Revised and Redrafted) – Engagements
Planning and Performing an Audit to Report on Summary Financial Statements
 PSA 510 (Redrafted) – Initial Audit Engagements-  Philippine Framework for Assurance
Opening Balances Engagements
 PSA 530 (Redrafted) – Audit Sampling  Philippine Standards on Auditing (PSA) 250
 PSA 560 (Redrafted) – Subsequent Events (Revised) – Consideration of Laws and Regulations
in an Audit of Financial Statements [Including
 PSA 570 (Redrafted) – Going Concern Related Conforming Amendments to Other
 PSA 580 (Revised and Redrafted) – Written Philippine Standards]
Representations  Philippine Standards on Auditing (PSA) 540
 PSA 610 (Redrafted) – Using the Work of Internal (Revised) – Auditing Accounting Estimates and
Auditors Related Disclosures, and Conforming and
 PSA 705 (Revised and Redrafted) – Modifications Consequential Amendments to Other Philippine
to the Opinion in the Independent Auditor’s Report Standards Arising from PSA 540 (Revised)
 PSA 706 (Revised and Redrafted) – Emphasis of  Philippine Standards on Auditing (PSA) 315
Matter Paragraphs and Other Matter Paragraphs in (Revised 2019) – Identifying and Assessing the
the Independent Auditor’s Report Risks of Material Misstatement
 PSA 720 (Redrafted) – The Auditor’s  Philippine Standards on Auditing (PSA) 220
Responsibilities Relating to Other Information in (Revised) – Quality Management for an Audit of
Documents Containing Audited Financial Statements Financial Statements
 PSA 210 (Redrafted) – Agreeing the Terms of Audit  Accountancy Board Resolution No. 47 (s. 2022) –
Engagements Resolution Adopting The Auditing And Assurance
Standards Council (AASC) Pronouncements As Part
 PSA 220 (Redrafted) – Quality Control for Audits of
Of The Philippine Auditing Standards
Historical Financial Statements
 PSA 230 (Redrafted) – Audit Documentation
 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 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 520 (Redrafted) – Analytical Procedures
 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 710 (Redrafted) – Comparative Information-
Corresponding Figures and Comparative Financial
Statements
 PSA 800 (Revised and Redrafted) – Special
Considerations-Audits of Financial Statements
Prepared in Accordance with Special Purpose
Frameworks