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...
by admin | Mar 20, 2018 | Relevant Laws and Other Regulatory Updates
Dear All, On December 13, 2017, the Financial Reporting Standards Council approved the Philippine Financial Reporting Standards for Small Entities. This applies to small entities as defined in the Philippine Securities and Exchange Commission.This Framework allows...
by admin | Feb 2, 2018 | Relevant Laws and Other Regulatory Updates
Dear Partners, Directors and Managers,Good Day! On January 29, 2018, the SEC released an exposure draft of the Amended Implementing Rules and Regulations (IRR) of the Republic Act No. 8556 Financing Company Act of 1998 for comments of relevant Corporations and...
by admin | Jan 30, 2018 | Relevant Laws and Other Regulatory Updates
Good Day! On January 29, 2018, the SEC released in its website the Implementing Rules and Regulations (IRR) ofRepublic Act 2629, otherwise known as the Investment Company Act (ICA). The IRR was published inThe Manila Times and Manila Bulletin on January 11, 2018. The...
by admin | Jan 22, 2018 | Relevant Laws and Other Regulatory Updates
Good Day! Q&A No. 2017-02 Capitalization of operating lease cost as part of construction costs of a building This Q&A responds to issues regarding the capitalization of operating lease costs as part of construction costs of a building. Issue:Do operating lease...
Recent Comments