Authority and coverage of the resolution
- The Professional Regulatory Board of Accountancy adopts auditing practice statements to guide professional practice of accountants within the regulation of the Professional Regulation Commission system.
- The resolution covers the Philippine Auditing Practice Statements (PAPS) 1001.
- PAPS 1001 is directed to the Computer Information Systems Environment context.
- PAPS 1001 is also directed to the Stand-Alone Personal Computers context.
Adoption of PAPS 1001
- The resolution adopts PAPS 1001 relating to the Computer Information Systems Environment.
- The resolution adopts PAPS 1001 relating to Stand-Alone Personal Computers.
- The adoption establishes PAPS 1001 as the auditing practice statement for the specified computer environment settings.
Implementation through professional practice
- Accountancy professionals and practitioners are governed in their audits by the adopted PAPS 1001.
- Audits involving a Computer Information Systems Environment must apply the adopted PAPS 1001.
- Audits involving Stand-Alone Personal Computers must apply the adopted PAPS 1001.
Responsible signatories and official approval
- The resolution is signed by the Chairman and Members of the Professional Regulatory Board of Accountancy.
- The resolution is attested by the Secretary, Professional Regulatory Board.
- The resolution is approved by the Chairperson and Commissioners of the Professional Regulation Commission.
Administrative-record publication reference
- The resolution is associated with NAR publication availability at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.
- The resolution is published in the NAR (Vol. 13 Nos. 1-4 / October-December 2002).