JK&C LIBRARYSEC Memorandum Circular No. 09, s. 2003
Overview
SEC Memorandum Circular No. 9, Series of 2003, concerns the adoption of the Philippine Standards on Auditing (PSAs). The Securities and Exchange Commission officially lists the issuance under its Financial Reporting issuances as “MC No. 9 s.2003 – RE : Adoption of the Philippine Standards on Auditing.”
The circular forms part of the SEC’s implementation of Philippine auditing standards applicable to financial reporting and auditing requirements under its regulatory jurisdiction.
Full Text
Overview
SEC Memorandum Circular No. 9, Series of 2003, concerns the adoption of the Philippine Standards on Auditing (PSAs). The Securities and Exchange Commission officially lists the issuance under its Financial Reporting issuances as “MC No. 9 s.2003 – RE : Adoption of the Philippine Standards on Auditing.” The circular forms part of the SEC's implementation of Philippine auditing standards applicable to financial reporting and auditing requirements under its regulatory jurisdiction.
Short Title / Subject
Adoption of the Philippine Standards on Auditing
Full Text
REPUBLIC OF THE PHILIPPINES
SECURITIES AND EXCHANGE COMMISSION
SEC Building, EDSA, Greenhills
Qty of Mandaluyong, Metro Manila
SEC MEMORANDUM CIRCULAR NO. 9
Series of 2003
SUBJECT: ADOPTION OF THE PHILIPPINE STANDARDS ON AUDITING
The Commission, in its Resolution No. 164 Series of 2003 dated May 8, 2003, approved the adoption in its rules and regulations of the following Philippine Standards on Auditing approved by the Auditing Standards and Practices Council and the Board of Accountancy (BOA)/Professional Regulation Commission (PRC). These are all effective June 30, 2003.
|
PSAs/PAPS No. |
Title |
|
- |
Preface to Philippine Standards on Auditing and Related Services |
|
- |
Glossary of Term |
|
310 |
Knowledge of the Business |
|
300 |
Planning |
|
120 |
Framework of Philippine Standards on Auditing |
|
210 |
Terms of Audit Engagement |
|
240 |
Fraud and Error |
|
220 |
Quality Control for Audit Work |
|
200
|
Objective and General Principles Governing an Audit of Financial Statement |
|
230 |
Documentation |
|
570 |
Going Concern |
|
402 |
Audit Considerations relating to Entities Using Service Organization |
|
700 |
The Auditor's Report on Financial Statement |
|
71O |
Comparatives |
|
720 |
Other Information in Documents Containing Audited Financial |
|
51O |
Initial Engagements -Opening Balance |
|
560 |
Subsequent Event |
|
800 |
The Auditor's Report on Special Purpose Audit Engagement |
This Memorandum Circular becomes effective for annual audited financial statements covering the period beginning July 01, 2002. Copies thereof are available at the offices of the Philippine Institute of Certified Public Accountants (PICPA).
This Memorandum Circular shall take effect fifteen (15) days following its publication in a newspaper of general circulation.
Issued this 8 day of May 2003 at EDSA, Greenhills, Mandaluyong City.
LILIA R. BAUTISTA
Chairperson
Official PDF
If the preview does not load in your browser, use Open Full PDF.
Source
Official Source: Securities and Exchange Commission
Official URL: https://www.sec.gov.ph/mc-2003/sec-memorandum-circular-no-09-9/#gsc.tab=0
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, SEC Memorandum Circular No. 09, s. 2003, SEC Memorandum Circular No. 09, s. 2003, 2003-05-08
Share
Source
Securities and Exchange Commission Official source
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, SEC Memorandum Circular No. 09, s. 2003, SEC Memorandum Circular No. 09, s. 2003, 2003-05-08