Adoption Guidelines for PFRS for SMEs

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SEC Notice: Adoption Guidelines for PFRS for SMEs

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Title Source: Supreme Court: Adoption Guidelines for PFRS for SMEs

Law: Sec

Decision Date: Feb 9, 2010

The SEC adopts the Philippine Financial Reporting Standards (PFRS) for Small and Medium Entities (SMEs), providing guidelines for transitioning from full PFRS and PAS 101, while establishing criteria for micro-businesses and ensuring compliance with financial reporting frameworks.

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