P&A Grant Thornton managing partner and chief operating officer Jun Cuaresma has been appointed by the Professional Regulatory Board of Accountancy (BOA) as the chairman of the Auditing and Assurance Standards Council (AASC) for a term of three years, up to June 30, 2023.
The AASC is the body authorized by BOA to establish and promulgate generally accepted auditing standards in the Philippines. Its main objective in adopting International Auditing and Assurance Standards Board (IAASB) standards and practice statements is to attain the uniformity of local generally accepted auditing standards with IAASB pronouncements. This harmonization enhances the reliability and acceptability of the audited financial statements of Philippine companies, not only locally but globally.
Cuaresma has over 30 years experience in auditing local and international companies in various industries.
In addition to his leadership roles at P&A Grant Thornton, Cuaresma heads the firm’s People and Culture Group.
A cum laude accountancy graduate from the University of the East with a master’s degree in management from the Asian Institute of Management, Cuaresma was president of the Association of Certified Public Accountants in Public Practice which was awarded him a Lifetime Achievement Award.
As published in Malaya Business Insight, dated 10 2020