Key to freshwater Phaeoacremonium species:
1a. Asexual morph............................................................................................................................................................ P. philippinense
1b. Sexual morph......................................................................................................................................................................................2
2a. Ascomata without neck ............................................................................................................................................... P. thailandense
2b. Ascomata with neck ...........................................................................................................................................................................3
3a. Unreported asexual morph ............................................................................................................................................. P. aquaticum
3b. Hyphomycetous asexual morph .............................................................................................................................................. P. ovale