Month: March 2019

Accounting for crypto-assets using blockchain technology clarified in PH

Cryptographic assets are gaining significant amount of interest recently, given their rapid increases in value and volatility. This kind of assets experienced a breakout year in 2017. Currently, there are no accounting standards that specifically address crypto-assets. However, the Australian Accounting Standards Board (AASB) has submitted a discussion paper on “digital currencies” to the International …

FAST FACTS: The Revised Corporation Code

Republic Act 11232 was signed into law, amending the more than 38-year old Corporation Code of the Philippines.  VoicePoints would like to give you a brief summary of amendments. What’s New Perpetual corporate term for existing and future corporations Prior to the amendment, corporations were only initially granted a term of 50 years, subject to …