Guidelines on Adoption of PFRS 9 by BSFIs

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CIRCULAR NO. 1011: Guidelines on Adoption of PFRS 9 by BSFIs

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Title Source: Supreme Court: Guidelines on Adoption of PFRS 9 by BSFIs

Law: Circular No. 1011

Decision Date: Aug 28, 2018

The Bangko Sentral mandates the adoption of Philippine Financial Reporting Standard (PFRS) 9 for financial institutions to enhance transparency and consistency in financial reporting, while allowing for specific adjustments to align with local regulations.

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