PFRS – Changes in 2013 and Beyond seminar held in Cebu

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SGV Cebu, led by partner-in-charge Wash Roqueza with Assurance partner Mae Villa-Chu, recently conducted the PFRS – Changes in 2013 and Beyond seminar on 17-18 July. Some 100 participants from various industries in Visayas and Mindanao attended the two-day update on Philippine Financial Reporting Standards (PFRS).

Accounting Standards Group Head Yen Abarca and Assurance partners Edith Estacio and Johnny Ang introduced the new financial reporting standards, amendments and improvements, including interpretations of selected key topics that are effective in 2013 and the years to come. Tax partner Ace Escartin was also on hand to discuss and elaborate on the tax implications of these changes to PFRS.

The annual update on PFRS is a manifestation of the Firm’s commitment to keeping business entities abreast with the amendments and additions to the accounting standards affecting financial reporting.