JK&C LIBRARYCFD Memorandum Circular No. 12, s. 2002
Overview
CFD Memorandum Circular No. 12, s. 2002 requires all financing companies to submit standardized financial reporting forms in connection with SEC Memorandum Circular No. 2, Series of 2001.
The circular requires financing companies to file Annual Audited Financial Statements using Forms FCFS1 and FCFS2 together with an Independent Auditor’s Report and Statement of Management’s Responsibility. It also requires the submission of a sworn certification from the Treasurer confirming that the accompanying diskette contains the same information as the hard copies.
For quarterly reporting, financing companies must submit Forms FCQF1 and FCQF2 within forty-five (45) days after the end of each quarter, replacing the previous quarterly reporting format.
Full Text
Overview
CFD Memorandum Circular No. 12, s. 2002 requires all financing companies to submit standardized financial reporting forms in connection with SEC Memorandum Circular No. 2, Series of 2001. The circular requires financing companies to file Annual Audited Financial Statements using Forms FCFS1 and FCFS2 together with an Independent Auditor's Report and Statement of Management's Responsibility. It also requires the submission of a sworn certification from the Treasurer confirming that the accompanying diskette contains the same information as the hard copies. For quarterly reporting, financing companies must submit Forms FCQF1 and FCQF2 within forty-five (45) days after the end of each quarter, replacing the previous quarterly reporting format.
Short Title / Subject
Submission of Special Forms for Financial Statements and Quarterly Reports
Full Text
CFD Memorandum Circular No. 12
Series of 2002
TO : ALL FINANCING COMPANIES
RE : SUBMISSION OF SPECIAL FORMS FOR FINANCIAL STATEMENTS AND
QUARTERLY REPORTS
In relation to SEC Memorandum Circular No. 2, Series of 2001. every Financing Company is hereby required to submit the following:
(1) Four (4) hard copies and a diskette of the Financing Company's Annual Audited Financial Statements I (FCFS1) and 2 (FCFS2) accompanied by an Independent Auditor's Report and Statement of Management's Responsibility duly stamped "Received" by the Bureau of Internal Revenue within 120 days (105 days for a corporation whose securities are registered under the Securities Regulation Code) after the end of the fiscal year as specified in its by - laws.
(2) A certification under oath by the Treasurer that the diskette contains the same data as those in the hard copies of the company's Annual Audited Financial Statements
(3) Four (4) hard copies of the Financing Company's Quarterly Forms 1 (FCQF1) and 2 (FCQF2) within 45 days from the end of every quarter in lieu of the current form of quarterly reports.
Copies of the forms of the Financial Statements and Quarterly Reports are available at the main office of the Commission or at its extension offices in Cagayan De Oro City, Cebu City, Legaspi City, Baguio City, Zamboanga City, lloilo City and Davao City.
This Memorandum Circular shall take effect fifteen (15) days after publication in a newspaper of general circulation.
August 14, 2002.
Mandaluyong City, Metro Manila.
(Original Signed)
LILIA R. BAUTISTA
Chairperson
Official PDF
If the preview does not load in your browser, use Open Full PDF.
Source
Official Source: Securities and Exchange Commission
Official URL: https://appointment.sec.gov.ph/mc-2002/sec-memorandum-circular-no-12-9/
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, CFD Memorandum Circular No. 12, s. 2002, CFD Memorandum Circular No. 12, s. 2002, 2002-08-14
Share
Source
Securities and Exchange Commission Official source
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, CFD Memorandum Circular No. 12, s. 2002, CFD Memorandum Circular No. 12, s. 2002, 2002-08-14