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TSG 2018-024 (IC) Filing of 2017 Annual Statements – Mutual Benefit Associations (MBAs)

by admin | Apr 9, 2018 | Relevant Laws and Other Regulatory Updates

Dear All, On April 5, 2018, the Securities and Exchange Commission (SEC) approved the adoption of the following pronouncements as part of its rules and regulations on financial reporting: Philippine Financial Reporting Standard (PFRS) 16, Leases An entity shall apply...

TSG 2018-021 (SEC) Adoption of PFRS for Small Entities

by admin | Apr 4, 2018 | Relevant Laws and Other Regulatory Updates

Dear All, On March 26, 2018, the Securities and Exchange Commission (SEC) issued memorandum circular (MC) No. 5 pertaining to the Adoption of Philippine Financial Reporting Standards (PFRS) for Small Entities as part of SEC’s rules and regulations on financial...
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