7th IFRS briefing held

The Accounting Standards Group spearheaded the recent 7th International Financial Reporting Standards (IFRS) Quarterly Executive Briefing at the Makati Shangri-La Hotel. Called The evolving financial reporting landscape: Changes and updates, the briefing had more than 180 participants from client companies and regulatory agencies, including Securities and Exchange Commission Chair Teresita Herbosa.

Accounting Standards Group Head Wilson Tan and Assurance partners Roel Lucas and John Villa discussed new and revised standards on consolidation and joint arrangements and exposure drafts on leases and revenue recognition.

Photo shows (from left) Professional Practice Director Miles San Pedro, ASG Head Wilson Tan, SEC Commission Chair Teresita Herbosa, Chairman and Managing Partner Vic Noel and People Leader Gerry Sanvictores.