![Is CDA publishing its own Financial Reporting Standards?](https://i0.wp.com/philcpa.org/wp-content/uploads/2015/09/Cooperative-Development-Authority-CDA-logo1.jpg?resize=150%2C150)
Is CDA publishing its own Financial Reporting Standards?
The Cooperative Development Authority (CDA) has released last September 15, 2015 Memorandum Circular No. 6-2015 or the “Philippine Financial Reporting Framework for Cooperatives.” The Circular provided that due to the uniqueness and peculiarities of cooperatives, the the CDA prescribed the…