Скачать или смотреть SEC Threshhold PFRS, SMEs, SEs

The Philippine SEC classifies entities for financial reporting based on thresholds set in SEC Memorandum Circular No. 3, Series of 2022. Entities with public accountability—such as listed companies, banks, insurance firms, and those issuing securities or holding secondary licenses—must use Full PFRS. Entities without public accountability and with total assets or liabilities of ₱100 million or more use PFRS for SMEs. Those with ₱3 million to less than ₱100 million use PFRS for Small Entities (SE). Entities below ₱3 million may still use SE if they meet qualifying criteria. These thresholds aim to simplify compliance while ensuring relevance and reliability of financial statements. Entities must assess annually which framework applies based on size and nature. Proper classification ensures alignment with reporting capacity and regulatory expectations.
Reference: SEC Memorandum Circular No. 3, Series of 2022.