Checklist for April 15

We summarized below the general documents required by the SEC and BIR from a stock corporation in relation to the submission of annual audited financial statements (FS) and corporate income tax returns (ITR): Cover sheet; Company title page; Statement of Management Report on FS; Statement of Management Report on ITR; Certificate of Compilation Services of Company’s CPA; Independent Auditor’s Report on FS (opinion, basis of opinion, responsibilities of Management, and auditor’s responsibilities); Face (SFP, SCI, SCE, and SCF); Notes to the FS; RR 15-2010 and RR 19-2011; Independent Auditor’s Report on SRC Rule No. 68; Independent Auditor’s Report on Supplementary … Continue reading Checklist for April 15

SEC Reportorial Requirements

The Securities and Exchange Commission (SEC) has issued a manual that specifies the (a) reports that should be submitted to the agency; (b) the filing period; (c) FS that are required to be audited or certified; (d) the format of these documents; and (e) other references. A. Reports for all SEC-Registered Corporations with Primary License General Information Sheet (GIS) – In 4 copies. GIS should be certified and sworn to by the corporate secretary. In the submission of GIS, the 30-day calendar period shall be counted from the date the annual stockholders’ meeting was actually held. Audited Financial Statements (AFS) stamped … Continue reading SEC Reportorial Requirements