Philippine Standards on Auditing (PSAs)
Glossary of Terms (December 2002)
IAAS ! Interim Terms of "eference (August 200#)
Philippine $rame%or& for Assurance 'ngagements
Preface to International Standards and Philippine Standards
PSA (20 ) $rame%or& of Philippine Standards on Auditing
PSA 200 ("e*ised and "edrafted) ) +*erall +b,ecti*es of the Independent Auditor and
the -onduct of an Audit in Accordance %ith International Standards on Auditing
PSA 2(0 ("edrafted) ! Agreeing the Terms of Audit 'ngagements
PSA 220 ("edrafted) ! .uality -ontrol for Audits of /istorical $inancial Statements
PSA 200 ("edrafted) ! Audit Documentation
PSA 2#0 ("edrafted) ! The Auditor1s "esponsibility to -onsider $raud in an Audit of
$inancial Statements
PSA 220 ("edrafted) ! -onsideration of 3a%s and "egulations in an Audit of $inancial
Statements
PSA 240 ("e*ised and "edrafted) ! -ommunication %ith Those -harged %ith
Go*ernance
PSA 242 (5e%) ) -ommunicating De6ciencies in Internal -ontrol to Those -harged %ith
Go*ernance and 7anagement
PSA 000 ("edrafted) ! Planning an Audit of $inancial Statements
PSA 0(2 ("edrafted) ! Identifying and Assessing the "is&s of 7aterial 7isstatement
through 8nderstanding the 'ntity and Its 'n*ironment
PSA 020 ("e*ised and "edrafted) ! 7ateriality in Planning and Performing an Audit
PSA 000 ("edrafted) ! The Auditor9s "esponses to Assessed "is&s
PSA #02 ("e*ised and "edrafted) ! Audit -onsiderations "elating to 'ntities 8sing
Ser*ice +rgani:ations
PSA 200 ("edrafted) ! Audit '*idence
PSA 20( ("edrafted) ! Audit '*idence ! Additional -onsiderations on Speci6c Items
PSA 202 ("e*ised and "edrafted) ! ';ternal -on6rmations
PSA 2(0 ("edrafted) ! Initial Audit 'ngagements)+pening alances
PSA 220 ("edrafted) ! Analytical Procedures
PSA 200 ("edrafted) ! Audit Sampling
PSA 2#0 ("e*ised and "edrafted) ! Auditing Accounting 'stimates< Including $air =alue
Accounting 'stimates< and "elated Disclosures
PSA 220 ("e*ised and "edrafted) ! "elated Parties
PSA 240 ("edrafted) ! Subse>uent '*ents
PSA 2?0 ("edrafted) ! Going -oncern
PSA 2@0 ("e*ised and "edrafted)! Aritten "epresentations
PSA 400 ("e*ised and "edrafted) ! Special -onsiderations)Audits of Group $inancial
Statements (Including the Aor& of -omponent Auditors)
PSA 4(0 ("edrafted) ! 8sing the Aor& of Internal Auditors
PSA 420 ("e*ised and "edrafted) ! 8sing the Aor& of an ';pert
PSA ?00 ("edrafted) ! The Independent Auditor1s "eport on a -omplete Set of General
Purpose $inancial Statements
PSA ?02 ("e*ised and "edrafted) ) 7odi6cations to the +pinion in the Independent
Auditor9s "eport
PSA ?04 ("e*ised and "edrafted) ) 'mphasis of 7atter Paragraphs and +ther 7atter
Paragraphs in the Independent Auditor9s "eport
PSA ?(0 ("edrafted)! -omparati*e Information)-orresponding $igures and -omparati*e
$inancial Statements
PSA ?20 ("edrafted) ! The Auditor9s "esponsibilities "elating to +ther Information in
Documents -ontaining Audited $inancial Statements
PSA @00 ("e*ised and "edrafted) ! Special -onsiderations)Audits of $inancial
Statements Prepared in Accordance %ith Special Purpose $rame%or&s
PSA @02 ("e*ised and "edrafted) ) Special -onsiderations)Audits of Single $inancial
Statements and Speci6c 'lements< Accounts or Items of a $inancial Statement
PSA @(0 ("e*ised and "edrafted) ) 'ngagements to "eport on Summary $inancial
Statements
