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SEC SME Rules Take Effect

Is your 2010 financial statement already aligned with the new accounting rules for SMEs ? If not, then you should start working on it because the Securities and Exchange Commission (SEC) will be strictly checking financial reports of SMEs (corporations with assets of P3M to P350M and liabilities of P3M to P250M) for the first time in April 2011. Good news! To help corporations who have not yet adopted the new standards, the Center for Global Best Practices will be conducting the last run of the CPE-accredited seminar entitled "New Accounting  Rules for Small and Medium Entities (SMEs)". This will save you from SEC penalties and costly reworks for your financial report. You can catch the seminar on March 4, 2011, 9 am to 5 pm at the Peninsula Manila. This seminar will feature Atty. Ma. Gracia Casals-Diaz, CPA who is a general accountant of the Securities and Exchange Commission.  Her office is in-charge of reviewing all financial reports of SME corporations to ensure ...