Thank you po sir! Qualifying exam season po namin, sobrang laking tulong po ng videos nyo. Sobrang linaw po ng explanation. Thank you po sir, more power po!
Hi Sir, if ever mag restate kami ng Audited FS (due to material error sa income statement), what are the corresponding penalties po with BIR and SEC? Thank you.
Sa BIR It depends sa amount if that's understated. Sa SEC, full pfrs ba gamit nyo? If tlagang material pwedeng magprepare ng 3rd balance sheet with appropriate disclosure or kaunting account lang affected disclosure na lang with the year may nakalagay na "restated" Consult your external auditor for details. If hindi naman kay full pfrs no need for the 3rd balance sheet.
Thank you po sir! Qualifying exam season po namin, sobrang laking tulong po ng videos nyo. Sobrang linaw po ng explanation. Thank you po sir, more power po!
You're welcome. Kindly share with others.
Hi Sir, if ever mag restate kami ng Audited FS (due to material error sa income statement), what are the corresponding penalties po with BIR and SEC? Thank you.
Sa BIR It depends sa amount if that's understated. Sa SEC, full pfrs ba gamit nyo? If tlagang material pwedeng magprepare ng 3rd balance sheet with appropriate disclosure or kaunting account lang affected disclosure na lang with the year may nakalagay na "restated"
Consult your external auditor for details.
If hindi naman kay full pfrs no need for the 3rd balance sheet.
Thank u sir!!! God bless po
You're welcome 🥰
Thank you po sir, malaking tulong po talaga
welcome. Kindly share with others.
Thank you po sir!
You're welcome!
Thank you po sir 🤍🤍