2020 Guidelines on Submission of Annual Financial Statements of Philippine Registered Entities

2020-02-17T06:17:40+08:00

By: Seala Marie Asis, CPA Wrapping the financial year ending December 31, 2019 could have been one of the most common works of Philippine accountants this first quarter of 2020.  In this article, let's deal about one of the most important reports, every SEC registered entities in the Philippines must properly comply with - the Annual Financial Statements. The Securities and Exchange Commission (SEC) through SEC Memorandum Circular No. 2 Series of 2020 issued on January 21, 2020 has prescribed the related guidelines on filing of the Annual Financial Statements (AFS) of entities registered in the Philippines. Who are covered by SEC [...]