SC nullifies SEC memo on CPAs, external audits

By Rey E. Requejo

THE Supreme Court has nullified for being unconstitutional the memorandum circulars issued by the Securities and Exchange Commission that required the accreditation of certified public accountants (CPAs) acting as external auditors of corporations issuing registered securities and possessing secondary licenses.

In a 15-page en banc decision, the SC, through Associate Justice Ricardo Rosario, unanimously denied the petition

The PDP seeks to “bring back the country to a high-growth trajectory and more importantly, enable economic and social transformation for a prosperous, inclusive, and resilient society,” the President said (see related story on Business, B4 – Editors).

“This plan represents not only our aspirations as a people but also our resolve to build a nation that we can be truly proud of,” Mr. Marcos said during yesterday’s launch of the PDP 2023-2028 at the PICC in Pasay City.

The President said the Plan will ensure that economic gains will redound to the benefit of ordinary Filipinos.

“Indeed, we look toward the future with hope, with optimism. But our gaze can only go as far as what we have done to unburden the life of the ordinary Filipino,” he said.

The PDP is based on Mr. Marcos’s 8-Point Socioeconomic Agenda, which aims to “reinvigorate job creation and accelerate poverty reduction while addressing the issues brought by the COVID-19 pandemic.”

EO No. 14 directs all national govern- sovereign power over us,” Enrile said.

“If they come here, if I were to be followed, I will cause their arrest. They interfere too much in our internal affairs,” he said.

“We do not have an uncivilized judicial system. I will not allow them to come to the country to investigate here. They have to ask permission,” he added.

Last week, the ICC said it would resume investigations into extrajudicial killings during former President Rodrigo Duterte’s war on drugs.