SEC Memorandum Circular No. 35 series of 2020

05 Jan 2021

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC/Commission) Memorandum Circulars (MC) No. 35-2020 dated December 28, 2020 on the financial reporting relief provided to Financing Companies (FC), Lending Companies (LC), and Microfinance-NGOs (MF-NGOs) in light of COVID-19 pandemic.

SEC Memorandum Circular No. 33 series of 2020

04 Jan 2021

This Accounting Alert is issued to circulate the new circular by the Securities and Exchange Commission (SEC) on the amendments to the implementing rules and regulations of the Invesment Company Act, as amended, under SEC Memorandum Circular (MC) No. 33-2020.

Extension of Deadline for Submission of Forms/Notices

29 Dec 2020

This Accounting Alert is issued to circulate the Securities and Exchange Commision (SEC) Notice dated December 28, 2020 on the extension of deadline for submission of forms and notices pursuant to SEC Memorandum Circular No. 28-2020.

Online and Manual Submission of Forms/Notices Pursuant to SEC MC 28-2020

23 Dec 2020

This Accounting Alert is issued to circulate the guidance for online and manual submission of forms and notices pursuant to Securities and Exchange Commission (SEC/Commission) Memorandum Circular (MC) No. 28-2020 issued last November 3, 2020.

Discussion Paper 'Business Combination under Common Control'

10 Dec 2020

This Accounting Alert is issued to circulate the discussion paper by the International Accounting Standards Board (IASB) on 'Business Combination under Common Control' for public consultation on possible accounting requirements of acquisitions involving the same group. These acquisitions are commonly known as business combination under common control (BCUCC).