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Compliance with reportorial requirements of the Securities and Exchange Commission (SEC)  is crucial for corporations in the Philippines. These rules ensure transparency, protect investors, and safeguard the integrity of financial reporting. Under the Revised Corporation Code (RCC)  and recent SEC Memorandum Circulars, corporations — whether stock, non-stock, domestic, foreign, or one-person corporations (OPCs) — are bound by strict filing requirements and deadlines. This art

Why Understanding the Business Matters Auditors don’t just review numbers—they must deeply understand the business itself. According to PSA 315 (Revised) , the goal is to identify and assess the risk of material misstatement (ROMM)  in financial statements. This requires examining the entity’s operations, environment, controls, and industry to tailor audit procedures effectively. By doing so, auditors provide reasonable assurance  that financial statements are free from mater

Overview The presentation outlines the key stages, challenges, and remedies  in conducting financial statement audits for small entities....

In an evolving professional landscape, Certified Public Accountants (CPAs)  play a vital role not only in ensuring financial transparency...

For every business operating in the Philippines, understanding and properly managing Expanded Withholding Tax (EWT)  is vital to ensuring...

In an increasingly interconnected world, multinational corporations and local subsidiaries face the complex challenge of managing...

The accounting profession today stands at a unique intersection: regulatory compliance  and technological transformation . On one hand,...

Ethics lie at the heart of the accounting profession. Every number reported, audit performed, or financial decision made carries with it...

The Philippines continues to attract investors through fiscal incentives  that support business growth and encourage innovation. The...

In any business, cash flow is the lifeblood  that sustains operations, fuels growth, and ensures stability. The recent presentation,...

In today’s data-driven environment, Microsoft Excel  remains one of the most powerful and accessible tools for auditors. The recent...

In today’s digital-driven environment, cybersecurity has become more than just an IT concern — it is a critical component of...

Navigating a Bureau of Internal Revenue (BIR) tax assessment  can be complex, but understanding the process empowers businesses and...

Navigating a tax audit can be challenging, but understanding your rights and remedies as a taxpayer is essential in ensuring fair...

Understanding Expanded Withholding Tax (EWT)  is essential for every business operating in the Philippines. As part of the Bureau of...

As the freelance and online business sectors continue to grow in the Philippines, understanding one’s tax responsibilities has become...

Understanding Value-Added Tax (VAT)  is essential for every business operating in the Philippines. Beyond compliance, mastering VAT...