A process for continuous manufacture of acetic acid and/or methyl acetate comprising a first, reaction step wherein at least one methyl formate isomerization reaction is carried out in a liquid phase reaction medium, in the presence of carbon monoxide and of a catalytic system comprising at least one halogenated promoter and at least one iridium-based catalytic compound, said first step further comprising a continuous methanol carbonylation reaction, and, a second, flash step, wherein partial vaporization of a reaction medium originating from the first step is carried out in a flash separator, the process comprising maintaining, in a non-vaporized liquid fraction resulting from the partial vaporization in the flash separator, an overall content of formic acid and methyl formate at least equal to 1% by weight of said non-vaporized liquid fraction,
- thereby improving stability and/or preventing deactivation of the catalytic system during the process.