About this document

Evolution of Financial Standards in the Philippines by Abegail Catilo is a document available to read on EtoBox.

The document summarizes the evolution of financial accounting standards in the Philippines. It discusses how standards were originally based on US GAAP but in 1997 the accounting standards body decided to adopt International Accounting Standards issued by the IASC. In 2004, the Philippine Accounting Standards Council approved adopting revised IAS as Philippine Accounting Standards and IFRS as Philippine Financial Reporting Standards to improve comparability and transparency in financial reporting. The trans

Author

Abegail Catilo

Language

EN