Additional Requirement for Accreditation as Auditing Firm/Sole Practitioner

February 11, 2016 SEC MEMORANDUM CIRCULAR NO. 2, S. 2016 TO : All Securities and Exchange Commission (SEC) Accredited Auditing Firms/Sole Practitioners All Prospective Applicant-Firms/Sole Practitioners for Accreditation SUBJECT : Additional Requirement for Accreditation as Auditing Firm/Sole Practitioner To ensure the SEC accredited auditing firms/sole practitioners' adherence to the Code of Ethics for Professional Accountants in the Philippines (Code), all accredited auditing firms/sole practitioners and prospective applicant-firms/sole practitioners are required to submit a Disclosure under oath attesting their adherence to the fundamental principles under the Code as well as to the principles applicable to the professional accountants in public practice particularly in the areas involving conflict of interest and independence. Existing accredited auditing firms/sole practitioners are required to submit said Disclosure within thirty (30) days from date of effectivity of this Memorandum Circular. This Memorandum Circular shall take effect after its publication in two (2) newspapers of general circulation. Mandaluyong City, Philippines, February 11, 2016. (SGD.) TERESITA J. HERBOSA Chairperson ATTACHMENT (Template for the Accredited Auditing Firm) The Securities and Exchange Commission SEC Bldg., EDSA, Greenhills, Mandaluyong City The auditing firm of ____________, a duly accredited auditing firm by the Securities and Exchange Commission under Group _____ Category, hereby discloses and represents that it observes and adheres to the fundamental principles under the Code of Ethics for Professional Accountants in the Philippines as well as to the principles applicable to the professional accountants in public practice particularly in the areas involving conflict of interest and independence. CAIHTE Given this _______ day of ____________ 20____ in ____________. For the Firm: _________________ Managing Partner JURAT (Template for the Accredited Sole Practitioner) The Securities and Exchange Commission SEC Bldg., EDSA, Greenhills, Mandaluyong City I ____________, a duly accredited external auditor (sole practitioner) by the Securities and Exchange Commission under Group _____ Category, hereby disclose and represent that I observe and adhere to the fundamental principles under the Code of Ethics for Professional Accountants in the Philippines as well as to the principles applicable to the professional accountants in public practice particularly in the areas involving conflict of interest and independence. Given this _______ day of ____________ 20____ in ____________. _________________ Name and Signature JURAT (Template for the Applicant Auditing Firm) The Securities and Exchange Commission SEC Bldg., EDSA, Greenhills, Mandaluyong City The auditing firm of _____________, an applicant auditing firm for accreditation with the Securities and Exchange Commission under Group _______ Category, hereby discloses and represents that it observes and adheres to the fundamental principles under the Code of Ethics for Professional Accountants in the Philippines as well as to the principles applicable to the professional accountants in public practice particularly in the areas involving conflict of interest and independence. Given this _______ day of ____________ 20____ in ____________. For the Firm: _________________ Managing Partner JURAT (Template for the Applicant Sole Practitioner) The Securities and Exchange Commission SEC Bldg., EDSA, Greenhills, Mandaluyong City I _____________, an applicant external auditor (sole practitioner) for accreditation with the Securities and Exchange Commission under Group _______ Category, hereby disclose and represent that I observe and adhere to the fundamental principles under the Code of Ethics for Professional Accountants in the Philippines as well as to the principles applicable to the professional accountants in public practice particularly in the areas involving conflict of interest and independence. DETACa Given this _______ day of ____________ 20____ in ____________. _________________ Name and Signature JURAT