PwC provides quick-reference guides in the implementation of latest developments in PFRS.
The Board of Accountancy (BoA) has signed Resolution No. 115 of 2016 dated 25 April 2016 extending the deadline for filing of application for accreditation of Certified Public Accountants (CPAs) in Commerce and Industry practice as well as the covered period of the financial statements subject to the Certificate of Compilation Services requirement to 31 December 2016.
On 15 February 2016, the Board of Accountancy (BoA) has revised the “Questions and Answers” (Q&A) issued on 27 January 2016 clarifying the implementation of Resolution No. 03 of 2016, Resolution requiring the submission of certificate on the compilation services for the preparation of financial statements and notes thereto (Resolution).
The Board of Accountancy (BoA) has signed Resolution No. 03 of 2016 dated 19 January 2016 requiring the submission of a Certificate by the responsible Certified Public Accountant on the Compilation Services for the preparation of the financial statements and notes to the financial statements.
PAS 19 “Employee Benefits” (PAS 19R) has introduced several changes to employee benefits accounting. Here are some key points for consideration upon transition and for disclosure in year-end accounts.