IC Extension of Periods for Filing of the 2021 Audited Financial Statements and Other Requirements of Non-life Insurance and Professional Reinsurance Companies

29 Mar 2022

This Accounting Alert is issued to circulate Insurance Commission (IC) Advisory No RS-2022-005-A on the Extension of Periods for Filing of the 2021 Annual Statement (AS), Audited Financial Statements (AFS) and Other Attachments of Non-life Insurance and Professional Reinsurance Companies.

Financial Reporting Bulletins (Revised as of 2022)

18 Mar 2022

This Accounting Alert is issued to circulate the Revised Financial Reporting Bulletins of Securities and Exchange Commission.

Application of PFRS 17 for Health Maintenance Organizations

10 Mar 2022

This Accounting Alert is issued to circulate Insurance Commission (IC/Commission) Circular Letter (CL) No. 2022-12 dated March 7, 2022 applicable to all health maintenance organizations (HMOs) on the application of Philippine Financial Reporting Standards (PFRS) 17, Insurance Contracts.

SEC 2022 Schedule for Filing of the Audited Financial Statements and General Information Sheet

11 Feb 2022

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC or the Commission) Memorandum Circular No 02 (MC/the Circular) series of 2022 dated January 19, 2021.

Year-end Reminders on Debt Modifications, Impairment, Going Concern, CREATE Act, and Transfer Pricing

26 Jan 2022

This Accounting Alert is issued to provide a reminder to companies on their assessment and accounting for debt modifications, impairment, going concern, CREATE Act, and transfer pricing.