Shield: Derived from the Provincial Seal of Ifugao where the town is located.

Rattan Vine w/ Fruit: Represents that rattan fruit, locally known as "littuco", is abundant in the town.

Trees: Symbolize the watershed areas or forested environment of the Municipality.

Rising Sun w/ Rays: Depicts the growth and development of the Municipality.

Mountains: Symbolize the mountainous terrain of Asipulo.

Rice Terraces: Located at both banks of the river; represent the 9 barangays of Asipulo, also depict farming as the main source of livelihood of the greater majority of the population.

River: Represents the many water channels flowing out to the lowland areas.

Native House: Locally known as "hagabi", symbolizes the tradition and culture of the townspeople.