Guidelines on Filing Functional Currency FS

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SEC MEMORANDUM CIRCULAR NO. 1, S. 2006: Guidelines on Filing Functional Currency FS

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Title Source: Supreme Court: Guidelines on Filing Functional Currency FS

Law: Sec Memorandum Circular No. 1, S. 2006

Decision Date: Jan 11, 2006

Companies using a functional currency other than the Philippine peso must notify the Commission and submit financial statements in both currencies, adhering to specific guidelines and auditor assessments to ensure compliance with PAS 21.

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