- Accounting Alerts
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2021
2021
- Philippine Interpretations Committee Question and Answer 2020-05
- Audit Readiness - Preparing your Annual Reports
- Philippine Interpretations Committee Question and Answer 2020-04
- Philippine Interpretations Committee Question and Answer 2020-03
- Philippine Interpretations Committee Question and Answer 2020-02
- SEC Memorandum Circular No. 35 series of 2020
- SEC Memorandum Circular No. 34 series of 2020
- SEC Memorandum Circular No. 33 series of 2020
- Regulatory Relief on the Non-imposition of Sanction for Breach in Single Borrower's Limit by Certain Foreign Bank Branches
- Guidelines on the Electronic Submission of Report on Reclassification of Debt Securities Out of Fair Value Category
- Revised Guidelines on the Declaration and/or Distribution of Dividends for IC-Regulated Entities
- PIC Q&A 2020-06, Accounting for Payments Between and Among Lessors and Lessees
- PIC Q&A 2020-07, Accounting for the Proposed Changes in Income Tax Rates under the CREATE Bill
- Amendments to the Guidelines on Reclassification of Debt Securities Measured at Fair Value to the Amortized Cost Category
- Guidelines on the Electronic Submission of Requests for Investment Approval, Compliance with Security Deposit Requirements and Filing of Reportorial Requirements for IC-Regulated Entities
- Insights to PFRS 3, Business Combinations
- Navigating the Changes to International Financial Reporting Standards
- COVID-19 Hedge Accounting Insights
- BSP Circular 1110 Rationalization of Prudential Reporting Requirements
- SEC Schedule and Procedure for the Filing of AFS, GIS and Other Annual Reports in accordance with MC 03-2021
- Guidelines on the Electronic Submission of the 2020 Annual Statement of Life Insurance Companies, Life Units of Composite Insurance Companies and Mutual Benefit Associations
- SEC Extension of Deadline for the Submission of General Information Sheet for 2021
- Submission of the 2020 Annual Statement for Non-life Insurance and Professional Reinsurers
- IC Guidelines on the Online Submission of 2020 AFS and Attachments for Insurance and Reinsurance Brokers
- SEC Extension of the Deadline for the Submission of 2020 Annual Report of Publicly-listed Companies, Issuer of Registered Securities, and Public Companies
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2020
2020
- Extension of Deadline for Submission of Forms/Notices
- Online and Manual Submission of Forms/Notices Pursuant to SEC MC 28-2020
- COVID-19 Accounting Implications for CFOs - Debt Modifications
- Discussion Paper 'Business Combination under Common Control'
- SEC Memorandum Circular No. 32 series of 2020
- SEC Memorandum Circular No. 31 series of 2020
- SEC Memorandum Circular No. 28 series of 2020
- Insights into PFRS 16 - Lease Incentives
- IASB issues Interest Rate Benchmark Reform Phase 2
- IFRIC 23 - Uncertainty Over Income Tax Treatments
- COVID-19 Going Concern Considerations
- Extension of Deadlines and Interim Procedures for the Submission of Printed/Hard Copies of Annual Reports
- IASB Defers the Effective Date of IAS 1 Amendments
- Guidelines on the Electronic Submission of the Annual Report and Audited Financial Statements to BSP
- Filing of Annual Reports During the Temporary Closure of the SEC Main Office until July 26, 2020
- Work Suspension at the SEC Main Office and Extension of Deadlines for Certain Corporations
- Adjustment of Deadlines for Submission of Annual Reports to the SEC and Other Announcements
- Amendments to IFRS 17 and IFRS 4
- Filing of Reports and Other Documents in SEC Main Office during Temporary Closure
- Options for the Submission of Reports, Applications and Other Documents to the SEC During Community Quarantine
- COVID-19 Accounting Considerations for CFOs: Revenue Recognition
- COVID-19 Accounting Considerations for CFOs: Government Grants
- IASB Amends IFRS 16 to Provide Relief for Lessees Accounting for Rent Concessions during the COVID-19 Pandemic
- COVID-19 Accounting for Lease Modifications
- SEC Notice on the Opening of SEC Express System and SEC Express Nationwide Submission
- Insurance Commission Circular Letters: Regulatory Reliefs, Online Submission of Reports, and Deferral of IFRS 17 Implementation
- COVID-19 Accounting Implications for CFOs: Impairment of Intangible Assets and Goodwill
- IASB Issues Narrow Scope Amendments to IFRS Standards
- Procedures in the Filing of Audited Financial Statements and General Information Sheet after the Enhanced Community Quarantine
- Extension of Deadline for the Submission of 2020 Annual and Quarterly Reports and AFS of Companies with Fiscal Year Ended January 31 to April 30, 2020
- Understanding the Impact of COVID-19 on 2020 Deferred Tax Provisions
- IASB Proposes Relief for Rent Concessions During the COVID-19 Pandemic
- Extension of Period to File the General or Special Form for Financial Statements and Guidelines on Submission by Electronic Mail
- Treatment of Net Unrealized Losses in the EFCDU/FCDU Book for Purposes of Determining Compliance with the EFCDU/FCDU Asset Cover Requirement
- Guidelines on Reclassification of Debt Securities Measured at Fair Value to the Amortized Cost Category for Prudential Reporting to the BSP
- Reporting the Impact of COVID-19 to your Business
- Guidelines on Filing SEC Form 17-LC and 17-C Report
- COVID-19: Financial Reporting and Disclosures
- Reduction in Reserve Requirements
- COVID-19 Outbreak: Accounting Implications
- Guidelines for Filing of Reports through Electronic Mail with the SEC during ECQ Period
- Application of IFRS 9 in Light of the Coronavirus Uncertainty
- [UPDATE] Regulatory Relief for Entities Regulated by the Insurance Commission
- Guidelines on Submission by Electronic Mail of Required Forms and Documents and Recognition of Electronic Signature
- Guidelines for the Filing of General Information Sheet (GIS) During the COVID-19 Outbreak and Enhanced Community Quarantine
- Additional Operational Relief for BSFIs Affected by Measures to Manage the Coronavirus Disease (COVID-19) Situation and its Health and Safety Risks
- Alternative Means of Filing Reports, Communications and Other Documents with the SEC
- SEC Relaxes the Requirements for Extension in the Filing of Annual Reports and/or Audited Financial Statements
- Guidelines Covering the Conduct of Business in the Insurance Commission During the Community Quarantine Period
- SEC Issues Guidelines on the Participation in Regular and Special Meetings through Remote Means of Communication
- Regulatory Relief for...
- SEC Extends Deadline for Annual and Quarterly Reports for Companies affected by Covid-19
- Guidelines on Preventative Measures Against...
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2019
2019
- SEC Extends Deadline for Annual and Quarterly Reports for...
- Deferral of IFRIC Agenda Decision on Over Time Transfer of Constructed Goods (PAS 23) for Real Estate Industry
- Implementation of IFRS 17, Insurance Contracts
- Amendments to Regulations on Financial Audit of Banks and Non-Bank Financial Institutions
- Navigating the Changes to IFRS 2020
- SEC Memorandum Circular No. 2 - 2020 Filing of Annual Financial Statements and General Information Sheet
- IASB issues Classification of Liabilities as Current or Non-current (Amendments to IAS 1)
- GTI IFRS News Q4 2019
- Insights into PFRS 3: Definition of a Business
- IASB issues Interest Rate Benchmark Reform
- Insights into PFRS 16: Presentation and Disclosure
- Insights into PFRS 16: Lease Payments
- Insurance Commission's Guidelines on Lease Accounting for Insurance and Reinsurance Companies
- GTI IFRS News Q1 2019
- Application Deferral of PIC Q&A 2018-H and 2018-14
- Sustainability Reporting Guidelines for Publicly-Listed Companies
- Insights into PFRS 16: Sale and Leaseback Accounting
- Insights into PFRS 16: Transition Choices
- Use of the New General Information Sheet (GIS) Form
- 2019 Filing of Annual FS and GIS
- Navigating the Changes to IFRS 18
- Insights into PFRS 3: Definition of a Business
- GTI IFRS News Q2 2019
- Rules on Material Related Party Transactions for Publicly-listed Companies
- BOA Repealed Resolutions on FS Compilation Services
- GTI IFRS News Q3 2019
- 2019
- 2018 2018
- 2017
- 2016
- 2015
- 2014
- 2008
- 2007
- 2006
- 2005
SEC Extends Deadline for Annual and Quarterly Reports for...
This accounting alert circulates SEC's memorandum circular on the extension of the deadline to give corporations affected by the outbreak of the new coronavirus disease more time to submit their annual and quarterly reports.
Navigating the Changes to IFRS 2020
This accounting alert provides a summary of the changes to International Financial Reporting Standards (IFRS) that have been published between January 1, 2019 to December 31, 2019.
Amendments to Regulations on Financial Audit of Banks and Non-Bank Financial Institutions
This accounting alert provides a summary of Bangko Sentral ng Pilipinas (BSP) Circulars No. 1074 and 1075, which amends certain regulations concerning the financial audit of BSP-supervised financial institutions (BSFIs).
Implementation of IFRS 17, Insurance Contracts
This accounting alert provides an implementation guide in evaluating the impact of IFRS 17 to the financial statements to insurers.
Deferral of IFRIC Agenda Decision on Over Time Transfer of Constructed Goods (PAS 23) for Real Estate Industry
This accounting alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular No. 04-2020 which defers the implementation of the International Financial Reporting Interpretations Committee (IFRIC) agenda decision which clarify that borrowing costs on inventory for unsold units under construction are not capitalized.
IASB issues Classification of Liabilities as Current or Non-current (Amendments to IAS 1)
This Accounting Alert is issued to circulate the new amendments published by the International Accounting Standards Board (IASB) on classification of liabilities as current or non-current.
SEC Memorandum Circular No. 2 - 2020 Filing of Annual Financial Statements and General Information Sheet
This accounting alert provides reminders to all entities registered with the Securities and Exchange Commission (SEC or the Commission) in relation to the filing of their 2019 Annual Financial Statements (AFS) and General Information Sheet (GIS).
Insights into PFRS 3: Definition of a Business
This Accounting Alert is issued to provide a summary of the amendments issued by the International Accounting Standards Board (IASB) on IFRS 3, Business Combinations, which clarify the definition of a business, with the objective of assisting entities to determine whether a transaction should be accounted for as a business combination or as an asset acquisition.
Insights into PFRS 3: Definition of a Business
This Accounting Alert is issued to provide a summary of the amendments issued by the International Accounting Standards Board (IASB) on IFRS 3, Business Combinations, which clarify the definition of a business, with the objective of assisting entities to determine whether a transaction should be accounted for as a business combination or as an asset acquisition.
GTI IFRS News Q4 2019
This Accounting Alert is issued to provide quarterly update on all things relating to International Financial Reporting Standards (IFRS). We'll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.