August 2007
REC celebrates 25th Anniversary
Redor, Emerson & Co. (formerly Redor Gonzales Doliente & Co. or RGD) is calling on all its former colleagues to participate and be counted in celebrating its silver anniversary on September 7, 2007, 6:00 pm at the Alex's Grille, 29 Matalino St., Diliman, Quezon City. For confirmation of attendance and other particulars, please call Ms. Ning Salvador at telephone no. 722-6005 or email Mr. Sonny Redor at redor@i-manila.com.ph.
July 2007
Need to Dispose of your PLDT Shares of Stock?
See the Features page for more information on how to dispose of your PLDT shares of stock. The aforementioned article also includes the supporting documents needed aside from the step-by-step procedures.
December 2006
EPR to ACPAPP Board
Emerson Redor, the firm's founding partner, was recently elected to the Board of the Association of CPAs in Public Practice (ACPAPP). He will serve a two-year term commencing January 2007.
May 2006
Additional Requirements for Non-stock, non-profit Corporations and NGOs engaged in Microfinance Operations
Non-stock, non-profit corporations including NGOs should amend their Articles of Incorporation and state in the purpose clause that they shall conduct microfinance operations pursuant to R.A. 8425, otherwise known as the Social Reform and Poverty Alleviation Act. They shall likewise include this information in their General Information Sheets (GIS) being submitted to the SEC.
April 2006
How to Apply for BIR Accreditation as Individual Tax Agent/Practitioner
See the Features page for more information in applying for a BIR accreditation as an individual tax agent or practitioner. The aforementioned article also includes the supporting documents needed aside from the step-by-step procedures.
November 2004
Proposed Accounting and Financial Reporting Standards for NGOs
A proposed Financial Accounting Standards (FAS) for NGOs conforming with international accounting standards is now in the works using as framework the draft of the proposed FAS for NGOs which was initially undertaken by the Accountants for NGO Concerns (ANC). This is being spearheaded by the Task Force NGOs FAS. The task force was jointly organized in August, 2004 by the Philippine Council for NGOs Certification (PCNC) and the ANC.
September, 2004
Implementing Rules and Regulations of R.A. 9298 otherwise known as the Philippine Accountancy Act of 2004
Section 4-b of the implementing rules provides that any position in any business or company in the private sector which requires supervising the recording of financial transactions, preparation of financial statements, coordinating with the external auditors for the audit of such financial statements and other related functions shall be occupied only by a duly registered CPA; provided, that the business or company where the above position exists has a paid-up capital of at least five million pesos and/or an annual revenue of at least ten million pesos; provided further, that this provision shall apply only to persons to be employed after the effectivity of this Rules and Regulations; provided finally, that this provision shall not result to deprivation of the employment of incumbents to the position.
