QuestionsQuestions (MEMORANDUM ORDER NO. 89)
It is titled “ADOPTION OF THE PHILIPPINE AUDITING PRACTICE STATEMENTS (PAPS) 1001—COMPUTER INFORMATION SYSTEMS ENVIRONMENT & STAND-ALONE PERSONAL COMPUTERS,” meaning it adopts PAPS 1001 for auditing involving computer information systems environments and stand-alone personal computers.
It was adopted on 28 October 2002.
PAPS 1001, covering the Computer Information Systems Environment and Stand-Alone Personal Computers.
PAPS stands for Philippine Auditing Practice Statements.
Eugene T. Mateo signed as Chairman.
Solita V. Delantar, John S. Bala, Froilan G. Ampil, and Estelita C. Aguirre signed as members.
Carlos G. Almelo(r) attested as Secretary, Professional Regulatory Board.
Antoni(e)t(a) Fortuna-Ibe approved as Chairperson, and Alfonso G. Abad and Avelina de la Rea-Tan approved as Commissioners.
The attestation (by the Secretary) typically authenticates that the resolution was duly adopted by the board and is an official record of the proceedings.
The approval by the PRC officials (Chairperson and Commissioners) signifies that the resolution was reviewed and granted the required administrative approval for effectivity within the PRC regulatory framework.
Because it addresses auditing considerations for computer information systems environments and stand-alone personal computers, which affect how audit evidence is generated and evaluated.
It is focused specifically on auditing in relation to the computer information systems environment and stand-alone personal computers, rather than all auditing topics generally.
It appears in the NAR (National Administrative Register) volume and issue: “NAR VOL. 13 NOS. 1–4 / OCTOBER-DECEMBER 2002,” indicating the administrative register where the text is published for public record.
It informs that an official copy/text can be accessed through the National Administrative Register office, supporting transparency and traceability of the administrative issuance.
The PRC Board of Accountancy adopted PAPS 1001, which provides auditing practice guidance for the computer information systems environment and stand-alone personal computers, effective upon its adoption date subject to the PRC approval process shown in the document.