Newsletter No. 05. Nov 2022.Amended Philippine Financial Reporting Framework for Cooperatives.
In this issue
The Cooperative Development Authority (CDA) has issued a new Memorandum Circular No. 2022-25 which is called Amended Philippine Financial Reporting Framework for Cooperatives.
Amendments to the Implementing new Rules and Regulations of Philippines Financial Reporting Framework for Cooperatives as Amended.
To: All Concerned
The Cooperative Development Authority (CDA) has issued a new Memorandum Circular No. 2022-25, amended Philippine Financial Reporting Framework for Cooperatives last September 5, 2022 pursuant to align the rules to Republic Act. No. 11364, Republic Act No. 9520, Republic Act. No. 10744 and its Implementing Rules and Regulations (IRR) in order to adopt and prescribe the new use of Philippine Financial Reporting Framework for Cooperatives, excluding Cooperative Banks, Insurance and Electric Cooperatives which shall use the Philippine Financial Reporting Standard (PFRS).
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