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+ Follow ACCOUNTING STANDARDS COUNCIL Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 313979 [Title] => BSP to let banks defer booking losses on sale of bad assets [Summary] => The Bangko Sentral ng Pilipinas (BSP) will allow banks to defer booking their losses from the sale of bad assets but they will still be required to comply with auditing standards when preparing their financial statements.
The BSP said its rules on the sale of non-performing assets (NPAs) under the Special Purpose Vehicle Act (SPVA) amended the accounting guidelines on the sale of NPAs to special purpose vehicles and to qualified individuals for housing.
[DatePublished] => 2005-12-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 304706 [Title] => ASC defers implementation of complex accounting rules for SMEs [Summary] => The Accounting Standards Council (ASC) has deferred the implementation of complex accounting rules for small and medium enterprises for next year or 2007.
Securities and Exchange Commission (SEC) General Accountant Roberto Manabat said the more complex accounting standards which are supposed to be effective for December 2005 yearend reporting like those for financial instruments and pensions will be deferred for SMEs.
[DatePublished] => 2005-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 154639 [Title] => SEC tightens grip on auditing practices in wake of Enron fiasco [Summary] => In the aftermath of the celebrated Enron collapse in the United States, the Securities and Exchange Commission (SEC) is further tightening its grip on the auditing practice in the Philippines as it seeks several reforms in accounting standards.
"The Enron case has indeed become a catalyst for much needed change in corporate governance and the accounting profession, in particular," SEC Chairman Lilia Bautista told members of the Financial Executives Institute of the Philippines (Finex) in a forum.
[DatePublished] => 2002-03-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ACCOUNTING STANDARDS COUNCIL
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 313979 [Title] => BSP to let banks defer booking losses on sale of bad assets [Summary] => The Bangko Sentral ng Pilipinas (BSP) will allow banks to defer booking their losses from the sale of bad assets but they will still be required to comply with auditing standards when preparing their financial statements.
The BSP said its rules on the sale of non-performing assets (NPAs) under the Special Purpose Vehicle Act (SPVA) amended the accounting guidelines on the sale of NPAs to special purpose vehicles and to qualified individuals for housing.
[DatePublished] => 2005-12-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 304706 [Title] => ASC defers implementation of complex accounting rules for SMEs [Summary] => The Accounting Standards Council (ASC) has deferred the implementation of complex accounting rules for small and medium enterprises for next year or 2007.
Securities and Exchange Commission (SEC) General Accountant Roberto Manabat said the more complex accounting standards which are supposed to be effective for December 2005 yearend reporting like those for financial instruments and pensions will be deferred for SMEs.
[DatePublished] => 2005-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 154639 [Title] => SEC tightens grip on auditing practices in wake of Enron fiasco [Summary] => In the aftermath of the celebrated Enron collapse in the United States, the Securities and Exchange Commission (SEC) is further tightening its grip on the auditing practice in the Philippines as it seeks several reforms in accounting standards.
"The Enron case has indeed become a catalyst for much needed change in corporate governance and the accounting profession, in particular," SEC Chairman Lilia Bautista told members of the Financial Executives Institute of the Philippines (Finex) in a forum.
[DatePublished] => 2002-03-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Des Ferriols | December 28, 2005 - 12:00am
By Zinnia B. Dela Peña | November 1, 2005 - 12:00am
By Christina Mendez | March 21, 2002 - 12:00am
Recommended
Describing himself as a law-abiding public servant, Sen. Sherwin Gatchalian broke his silence yesterday about the involvement of his family in the Cadillac vehicle with a Senate protocol plate that illegally entered the EDSA busway.
1 day ago
The luxury vehicle bearing the Senate protocol plate “7” that was flagged down along the EDSA bus lane is a vehicle registered with the Gatchalians, according to the Land Transportation Office.
2 days ago
The Land Transportation Office has resorted to issuing certificates of registration printed on plain bond paper as the National Printing Office missed its security paper delivery.
2 days ago
The driver of a luxury sports utility vehicle (SUV) with a protocol plate for senators, who illegally used the EDSA busway on Sunday, November 3, has surrendered to the Land Transportation Office (LTO).
2 days ago
Two days after a Cadillac Escalade entered the EDSA busway and nearly hit a traffic enforcer, with the passenger giving the enforcers the dirty finger as the sport utility vehicle sped away, the Land Transportation Office has yet to trace the owner of the SUV.
3 days ago
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February 12, 2018
- 12:00 am
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