SGV conducts IFRS updates seminar for Clark companies

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SGV recently hosted a seminar entitled Executive Updates: Recent Developments on Philippine Financial Reporting Standards and Tax Regulations at the Mimosa Convention Center, Clark Freeport Zone, Pampanga last 26 September. The event was headed by MG 8 leader Arnel de Jesus, Assurance partner John Ong and senior director Vanessa Laguni, in cooperation with Clark Development Corporation under the leadership of President and CEO Mr. Arthur Tugade. Over 120 accounting heads and accounting executives from Clark Special Economic Zone locators attended the event, including executives who belonged to local and global conglomerates.

Speakers included Assurance partner Roel Lucas, who discussed the recent developments, amendments and revisions on Philippine Financial Reporting Standards; FSRM Associate Director Daniel Jan Del Mundo, who emphasized the transition and business impact of PFRS 13, Fair Value Measurement; and Tax partners Sonia Segovia and Rey Marcelo, who conducted an informative discussion on the latest updates in tax regulations and transfer pricing.