Have you read yet about the notice issued by Securities and Exchange Commission (SEC) about the checklist and notice on the submission of Audited Financial Statements (AFS) this year 2015?
It was stated in the notice that no pre-screening shall be done on the General Information Sheet (GIS) and Audited Financial Statements (AFS) submitted at the Central Receiving UNIT (CRU), ERMD.
But, the form and contents of reports shall be subject to review by the Commission which may impose fines and/or penalties for verified violation of existing laws, SEC rules and regulations.
All filers should ensure that the reports submitted is complete.
Checklist for Components of Financial Statements For Stock Corporations:
1. Four (4) copies including Original set
2. Cover Sheet
3. Original BIR / bank stamp "RECEIVED" on: Auditor's Report, Balance Sheet/Statement of Financial Position and Income Statement.
4. BOA registration number of external auditor with expiration date.
5. Statement of Management's Responsibility (SMR) over the Financial Statements signed by ALL of the of the ff: President/Chief Executive Office, Chairman of the Board, Treasurer/Chief Finance Officer and Officer/s holding positions equivalent to the aforementioned as may be authorized in the By-Laws
6. Auditor's Report originally signed
7. Balance Sheet/Statement of Financial Position
8. Income Statement
9. Cash Flow Statement
10. Statement of Changes in Equity
11. Notes to Financial Statements
12. Supplemental written statement of External Auditor on the number of stockholders
13. Soft copy of General Form for Financial Statements (GFFS) or Special Form for Financial Statements (SFFS)
Please refer http://www.sec.gov.ph/docs_home/NOTICE-Checklist.pdf of the full text of the checklist and notice.
