Regulatory Updates: What the CPAs Should Know

The recent rulings and regulations released by the Board of Accountancy (BOA) have created concerns among practitioners and CPAs in the other sectors. Also, the current trends in the regulators need to step up. The Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP) and Bureau of Internal Revenue (BIR) requirements need to be addressed for certain emerging issues.