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

BIR accreditation requirements

Since we are currently registering our Firm in the regulatory agencies, one of the first things we need to secure is our BIR accreditation. For guidance, following are the full texts of the BIR regulations pertaining to BIR accreditation requirements for individual, GPPs, and incorporated entities: BIR Revenue Regulation No. 11-2006 BIR Revenue Regulation No. 14-2010 Continue reading BIR accreditation requirements