On April 9, 2024, the International Accounting Standards Board (IASB) issued IFRS 18, the new accounting standard for the Presentation and Disclosure of Financial Statements. IFRS 18 is effective for annual periods beginning on or after Jan. 1, 2027, and will replace IAS 1, Presentation of...
Firstly, allow me to share key points on the PICPA’s involvement in various global accountancy professional organizations and its strategic directions in international affairs for FY 2024-2025. Let me start with PICPA’s Leadership Footprints in the Global Accountancy Bodies: 1.) PICPA is the...
The Asian Organization of Supreme Audit Institutions (ASOSAI) is one of the key regional groups under the umbrella of the International Organization of Supreme Audit Institutions (INTOSAI). Established in 1979, ASOSAI began with 11 member states and has since expanded to include 47 Supreme Audit...
What Congress has delegated can no longer be further delegated or redelegated by the original delegate to another. “Delegata potestas non potest delegari.” On Feb. 1, 2023, the Supreme Court released its rulings in G.R. No. 246027, June 21, 2022 (SEC vs. 1Accountant Party-list Inc. et.al.)...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo will welcome Brazil Foreign Minister Mauro Vieira on Friday, Aug. 23, to explore opportunities to advance bilateral relations and to sign agreements on technical cooperation and education. Brazil Foreign Minister Mauro Vieira (Photo from...
NEW PROPOSAL – Israeli Prime Minister Benjamin Netanyahu (right) meets with U.S. Secretary of State Antony Blinken in Jerusalem, on Aug. 19, 2024. Israel has accepted a new proposal for a ceasefire in Gaza and the release of hostages. (Haim Zach-GPO/Handout via Xinhua) TEL AVIV,...
People attend a funeral for victims killed in an Israeli airstrike in the southern Gaza Strip city of Khan Younis, on Aug. 14, 2024. At least 15 Palestinians were killed and dozens of others wounded in intensive Israeli attacks on the city of Khan Younis in southern Gaza Strip, Palestinian sources...
Back then, at Ateneo, I designed and facilitated a course titled Corporate Leadership that became a hit, attracting 250 workplace-based and experience-driven MBA students every trimester. It was an interactive forum whose major allure was the top-notch CEOs invited each week to share their...
Israeli Prime Minister Benjamin Netanyahu (Xinhua) JERUSALEM (Xinhua) -- Israel replied to Qatari, Egyptian and U.S. mediators early Friday, saying that it will send a delegation to resume talks on a Gaza ceasefire deal on Aug. 15. Israeli Prime Minister Benjamin Netanyahu's office...
Palestinians flee the Khan Younis area of the Gaza Strip, following Israeli military evacuation orders, saying its forces will soon operate there, Thursday, Aug. 8, 2024. (AP Photo/Abdel Kareem Hana) WASHINGTON (AP) — Leaders of the United States, Egypt and Qatar jointly demanded...
​Foreign Affairs Secretary Enrique Manalo will travel to Mongolia and South Korea for separate bilateral talks to bolster the Philippine relations with countries in East Asia. Manalo will be in Mongolian capital of Ulaanbaatar on August 4 until 6 as part of the activities to commemorate the...
I have been a certified public accountant for almost 30 years and have encountered various organizational pressures and politics as both an external and internal auditor. In "Ethics and Pressure, Balancing the Internal Audit Profession" (2015), the Institute of Internal Auditors defined...
