effects of sarvanes-oxley act of 2002 in the philippines?

Answer 1

Sarbanes Oxley is an international standard accounting treatment. Thus, there will be no difference wherever in the world you apply it. The impact on the financial statements vary depending on what type of business you are in. For example, if you have a capital intensive business, then the de-componitization aspect of the depreciation expense may increase drastically and hasten the depreciation of the asset due to Sarbanes Oxley. I suggest you read up on the standard and apply it in the type of business you are in.