THE original April 15 income tax deadline has passed, now extended to May 15. With the adjusted date, the submission of audited financial statements (AFS) to the Bureau of Internal Revenue is likewise moved, since AFS must be filed within 15 days after the deadline of the annual income tax return. In effect, this pushes the AFS deadline further into the cycle. In the regulatory sector, the Securities and Exchange Commission (SEC) has also provided relief. Under SEC Memorandum Circular...

CALLS for transparency and accountability in the public and private sectors in the Philippines have grown louder in recent years. From reports of corruption and misuse of funds to questionable practices in both government and corporate offices, Filipinos are demanding fairness and integrity. Yet amid these calls, one silent but persistent threat continues to undermine public trust: conflict of interest. In auditing, conflict of interest occurs when an auditor’s personal, financial, or...

"Ask not what your country can do for you — ask what you can do for your country." — John F. Kennedy THESE words resonate powerfully...