THE recent extension of filing deadlines by the Bureau of Internal Revenue and the Securities and Exchange Commission provides a welcome opportunity for businesses to pause and reflect. The annual income tax return deadline has been moved to May 15, 2026, and that for the submission of audited financial statements to June 15, 2026, and this should not be viewed as a mere extension of compliance but rather as an opportunity to strengthen financial accountability. For many entrepreneurs,...

THE accounting profession in the country stands at a critical crossroads. Enrollment in accountancy programs continues to decline, licensure examination results remain volatile, and a persistent shortage of qualified faculty is straining academic institutions. Without decisive and timely reforms, the pipeline of future Certified Public Accountants may significantly diminish in the coming years. One of the most pressing concerns is the declining number of students majoring in accountancy....