Tag: SEC
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SEC Filing: When Does the Statement of Management’s Responsibility (SMR) Need to Be Notarized?
As companies begin preparing their 2025 financial statements for SEC filing, one common question arises: Does the Statement of Management’s Responsibility (SMR) now need to be notarized? Recent updates from the Securities and Exchange Commission (SEC) have created some confusion. The answer is simple once you understand the rule: Notarization depends on whether the financial…
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SEC MC No. 4, Series of 2026: New Audit Rules That Benefit Small Corporations
The Securities and Exchange Commission has issued Memorandum Circular (MC) No. 4, Series of 2026, introducing updated audit requirements designed to ease compliance costs for smaller corporations while maintaining accountability and transparency. This new circular significantly raises the audit threshold, allowing more corporations to file unaudited financial statements, provided certain conditions are met. Below is…
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Avoid Penalties: SEC Now Requires Official Contact Details
Pursuant to SEC MC No. 28, s.2020, all corporations, partnerships, associations, and individuals registered with the Securities and Exchange Commission (SEC) are required to create and/or designate an official email address and mobile number. These contact details will serve as the primary channels for receiving notices, orders, and other communications from the Commission. Submission Instructions:…
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One Person Corporation (OPC)
The SEC Commission En Banc has already issued and approved the Guidelines on the Establishment of a One Person Corporation (OPC) under Memorandum Circular No. 7, Series of 2019. Under the Guidelines, a natural person, trust or estate may form an OPC. The “trust”, however, does not refer to a trust entity, but to the…
Bong Corpuz & Co. CPAs 