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Amendments to foreign exchange regulations covering foreign investments

21 May 2024

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1192 dated April 11, 2024, which discusses the amended provision of the Manual of Regulations on Foreign Exchange Transactions (FX Manual).

Removal of the minimum commission charged by PSE Stockbrokers​

17 May 2024

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 7-2024 dated April 17, 2024, which covers the removal of the minimum commission charged by PSE Stockbrokers​.

IFRS 18 - The New Presentation and Disclosure Standard

14 May 2024

This Accounting Alert is issued to circulate IFRS 18, Presentation and Disclosure in Financial Statements, effectively replacing IAS 1, Presentation of Financial Statements, for every reporting entity that currently uses International Financial Reporting Standards (IFRS).

Money Laundering/Terrorist Financing/Proliferation Financing Risk Reporting and Notification Requirements

14 May 2024

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1193 dated April 29, 2024, Amendments to Section 911/911-Q of the Manual of Regulations for Banks (MORB)/Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) - Money Laundering (ML)/ Terrorist Financing (TF)/ Proliferation Financing (PF) Risk Reporting and Notification Requirements.

Insights into PFRS 17: Impact on non-insurance entities

09 May 2024

This Accounting Alert is issued to circulate Insights into PFRS 17 to explain the key features of the Standard and provide insights into its application and impact.