Guidelines on early adoption of PFRS 9

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SEC MEMORANDUM CIRCULAR NO. 3, S. 2011: Guidelines on early adoption of PFRS 9

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Title Source: Supreme Court: Guidelines on early adoption of PFRS 9

Law: Sec Memorandum Circular No. 3, S. 2011

Decision Date: May 16, 2011

The SEC establishes guidelines for the early adoption of PFRS 9, mandating large corporations and publicly accountable entities to evaluate its impact on financial statements for annual periods starting January 1, 2013, while ensuring compliance with international financial reporting standards.

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