ADVISORY (Public Consultation on the proposed Memorandum Circulars on the “Revised Standard Chart of Accounts for Cooperatives” and “Amended Philippine Financial Reporting Standard for Cooperatives”)

This Authority will be conducting a Public Consultation on the proposed Memorandum Circulars on the “Revised Standard Chart of Accounts for Cooperatives” and “Amended Philippine Financial Reporting Standard for Cooperatives” on October 14, 2021 and October 15, 2021 respectively.

Relative to this, we are calling the attention and inviting all Accountants, Bookkeeper, Internal Audit Committee of your cooperatives to attend in the consultations.

We would like also to solicit your comments, suggestions and recommendations on herein attached draft memorandum circulars, using the following template:

Proposed MC Article, Section Comment and Suggestions Name of Cooperative

Kindly submit your comments, suggestions and recommendations on or before October 13, 2021 at [email protected].

For those who wish to attend the public consultation, you may get in touch with the CDA Extension Office who has jurisdiction over your cooperative for the meeting link.


Proposed MC -REVISED SCA
Proposed MC -PFRF for Cooperatives