Revised Statement of Management Responsibility for Financial Statements
Relative to the issuance of the amended SRC Rule 68, the Statement of Management Resposibility for Financial Statements now reads as follow:
Day: April 2, 2012
PFRS for SMEs: Simplified measurement of defined benefit obligation discounted?
With the implementation of PFRS for SMEs to those qualified entities, questions were raised as to whether the simplifications in the measurement of the defined benefit obligation also imply that discounting is no longer necessary. Different sectors have different interpretations…
SEC Financial Reporting Bulletin 1 to 5 (SRC Rule 68)
After the release of the Securities Regulation Code (SRC) Rule 68, as Amended (2011), the Office of the General Accountant of the SEC issued Financial Reporting Bulletin Nos. 1 to 5 to assist corporations and their accountants/auditors in complying with their…