SEC revises the Statement of Management’s Responsibility for Financial Statements

The Securities and Exchange Commission issued Financial Reporting Bulletin (FRB) No. 20, Revised Statement of Management's Responsibility, on 30 January 2017, in line with the adoption of the new and revised auditor reporting standards.

The standard form of the Statement of Management’s Responsibility for Financial Statements prescribed under Section 2(B) of SRC Rule 68, as amended, has been revised with this FRB.

You may access the full version of the FRB through the SEC website: http://www.sec.gov.ph/wp-content/uploads/2017/02/2017NoticeFRBNo.20.pdf