![Reduce the financial-statement disclosures](https://i0.wp.com/philcpa.org/wp-content/uploads/2016/03/novedad_10431.jpg?resize=150%2C150&ssl=1)
Reduce the financial-statement disclosures
(First of two parts) Financial statements in the Philippines for companies reporting under Philippine Financial Reporting Standards (PFRS), or its little brother, PFRS for small- and medium-sized enterprises (SMEs) are notorious for the horrendous disclosures attached to the financial statements.…