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Join date: Sep 8, 2024
Posts (17)
Oct 15, 2025 ∙ 2 min
SEC Reportorial Requirements, Compliance and Filing Updates for Stock and Non-Stock Corporations
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 article provides a...
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Oct 14, 2025 ∙ 2 min
Obtaining and Understanding the Business for Financial Statements Audits
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 material...
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Oct 9, 2025 ∙ 2 min
Summary of “Common Issues and Remedies in the Financial Statements Audit of Small Entities”
Overview The presentation outlines the key stages, challenges, and remedies in conducting financial statement audits for small entities....
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Atty. Yasser Aureada, CPA
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