Annual Rationale for Category Sub-Category Charge Charge Category A A (1) Php 350,000 High risk, annual Auditors of Public-Interest 50 or more listed QAR, Full scope Entities FULL PFRS companies QAR, Large-sized firm A (2) 250,000 High risk, annual Over 25 but less QAR, Full scope than 50 listed companies QAR, Large-sized firm A (3) High risk, annual 1 to 25 200,000 QAR, Full scope listed companies QAR, Large-sized firm A (4) 150,000 Less risky, QAR, 50 or more not every two years, listed companies Full scope, medium firm A (5) 100,000 Less risky, QAR, Over 25 but less than 50 every two years, not listed companies Full scope, Smaller sized firm A (6) 50,000 Less risky, QAR, 1 to 25 not listed every two years, companies Full scope, Smaller sized firm Category B B(1) 40,000 Minimal risk, QAR Auditors of Companies With over 200 clients every three years, Using PFRS for SMEs Scope for SMEs, Largest of this category B (2) 25,000 Minimal risk, QAR With 101 to 200 clients every three years, Scope for SMEs, Smaller than previous category B (3) With 51 to 100 clients
Category Sub-Category Annual Charge Rationale for Charge Category A Auditors of Public-Interest Entities FULL PFRS A (1) 50 or more listed companies Php 350,000 High risk, annual QAR, Full scope QAR, Large-sized firm A (2) Over 25 but less than 50 listed companies 250,000 High risk, annual QAR, Full scope QAR, Large-sized firm A (3) 1 to 25 listed companies 200,000 High risk, annual QAR, Full scope QAR, Large-sized firm A (4) 50 or more not listed companies 150,000 Less risky, QAR, every two years, Full scope, medium firm A (5) Over 25 but less than 50 not listed companies 100,000 Less risky, QAR, every two years, Full scope, Smaller sized firm A (6) 1 to 25 not listed companies 50,000 Less risky, QAR, every two years, Full scope, Smaller sized firm Category B Auditors of Companies Using PFRS for SMEs B(1) With over 200 clients 40,000 Minimal risk, QAR every three years, Scope for SMEs, Largest of this category B (2) With 101 to 200 clients 25,000 Minimal risk, QAR every three years, Scope for SMEs, Smaller than previous category B (3) With 51 to 100 clients
IRR-for-QRA-feb-18-.Final-no-insertions21.docx