July 20, 2017
Published by Atty Elvin B. Villanueva at July 20, 2017

FINANCIAL STATEMENTS THAT ARE INCOMPLETE BUT DULY EXPLAINED BY EXTERNAL AUDITOR AND ACCOMPANIED BY CONSOLIDATED STATEMENTS CAN PROVE VALIDITY OF RETRENCHMENT

Financial statements must be presented to prove validity of retrenchment based on losses. However, the fact that the FS is incomplete but clearly explained by the […]
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