Financial Reporting Standards Council

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Posted by geemiz | Posted in Accounting Guidelines | Posted on 11-11-2010

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The standards being used in practicing the accountancy profession in the Philippines is not created by ordinary individuals. They are not just mere suggestions by any businessman or any politician, but they are created by a set of body made by the Professional Regulation Commission (PRC).

The Accounting Standards Council (ASC) is responsible in establishing and improving accounting standards that will be generally accepted here in the Philippines but now the Accounting Standards Council is being replaced by the Financial Reporting Standards Council.

This is a preview of Financial Reporting Standards Council. Read the full post (307 words, 1 image, estimated 1:14 mins reading time)