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Guidelines on the Electronic Submission of the Annual Report and Audited Financial Statements to BSP

17 Jul 2020

This Accounting Alert is issued to circulate the recent memorandum issued by the Bangko Sentral ng Pilipinas (BSP) relative to the submission of Annual Report (AR) and Audited Financial Statements (AFS) of banks by electronic means.

IASB Defers the Effective Date of IAS 1 Amendments

17 Jul 2020

This Accounting Alert is issued to circulate the deferral of amendments to IAS 1 by the International Accounting Standards Board (IASB).

Filing of Annual Reports During the Temporary Closure of the SEC Main Office until July 26, 2020

13 Jul 2020

This Accounting Alert is issued to circulate the recent notice issued by the SEC to announce adjusted deadlines and modes of filing accepted by the SEC until July 26, 2020.

Work Suspension at the SEC Main Office and Extension of Deadlines for Certain Corporations

11 Jul 2020

This Accounting Alert is issued to circulate the recent notice issued by the SEC to announce the suspension of work and extension of deadlines for select corporations.

Adjustment of Deadlines for Submission of Annual Reports to the SEC and Other Announcements

01 Jul 2020

This Accounting Alert is issued to circulate the recent notices issued by the SEC to adjust the deadlines for annual reports, announce the resumption of operations in the SEC Main Office, and the temporary closure of other SEC Extension Offices.

Amendments to IFRS 17 and IFRS 4

30 Jun 2020

This Accounting Alert summarizes the amendments to IFRS 17 and IFRS 4 issued by the IASB to help companies implement the Standard.

Filing of Reports and Other Documents in SEC Main Office during Temporary Closure

29 Jun 2020

This Accounting Alert is issued to circulate the SEC Notice dated July 29, 2020 which provides guidelines on the filing of reports and other documents in relation to the temporary closure of the SEC Main Offce.

Options for the Submission of Reports, Applications and Other Documents to the SEC During Community Quarantine

26 Jun 2020

This Accounting Alert is issued to circulate the SEC Notice which lists down the different options for covered entities in the submission of reports, applications, requests, compliance and other documents to the SEC during the effectivity of all community quarantine imposed due to COVID-19.

COVID-19 Accounting Considerations for CFOs: Revenue Recognition

25 Jun 2020

This Accounting Alert is issued to highlight key aspects of PFRS 15, Revenue from Contracts with Customers, that are expected to be particularly relevant during the COVID-19 pandemic.

COVID-19 Accounting Considerations for CFOs: Government Grants

16 Jun 2020

This Accounting Alert is issued to provide guidance in determining the appropriate accounting treatment for government grants.