Accounting Alerts

Extension of Period to File the General or Special Form for Financial Statements and Guidelines on Submission by Electronic Mail

This accounting alert is issued to circulate SEC Notice dated April 16, 2020 on the extension of period to file and guidelines on submission of the General or Special Form of Financial Statements (GFFS or SFFS).

Extension of Period to File

In accordance with SEC Memorandum Circular (MC) No. 6, Series of 2006, the electronic format of the GFFS and SFFS shall be submitted within 30 days from the last day of submission of the Audited Financial Statements (AFS).  Pursuant to SEC MC No. 5, Series of 2020 which extends the filing period of the AFS for the year ended December 31, 2019, the filing period for the GFFS or SFFS is also deemed extended without penalty.

Guidelines on Submission by Electronic Mail

During the ECQ Period, the Economic Research and Training Department of the SEC will accept electronic copies of GFFS and SFFS submitted through electronic mail to ertd_gffs@sec.gov.ph, guided by the following:

  1. Sections II (2) to (6) of SEC MC No. 10, Series of 2020 should be complied with;
  2. The GFFS or SFFS should be in MS Excel format, while the Certification should be in Portable Document Format (PDF) preferably with Text Layer;
  3. The email subject line shall indicate the covering fiscal year and number of attached GFFS or SFFS (e.g., "2019_1", or "2019_20")
  4. Each GFFS/SFFS shall be named using the following format: Fiscal year (yyyy)_SEC Registration Number_Complete Name of the Corporation (e.g., 2019_00000123445_ABC Corporation), while the name of each Certification shall have the same format as the GFFS or SFFS with the prefix "Cert" (e.g., Cert_2019_00000123445_ABC Corporation).

 

See attached SEC Notice for the complete details of this publication.