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SEC slaps P1-M fine on SMC for inaccurate financial report
The Freeman
|October 09, 2025
— Conglomerate San Miguel Corp. (SMC) has been fined by the Securities and Exchange Commission (SEC) for a misstatement reflected in its unaudited consolidated financial statement as of June 30.
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SMC said that based on the SEC’s Office of the General Accountant (OGA), the misstatement pertains to the incorrect classification of cash outflow related to the acquisition of property, plant and equipment under operating activities instead of under investing activities, as provided under Philippine Accounting Standards PAS 7, statement of cash flows.
Cette histoire est tirée de l'édition October 09, 2025 de The Freeman.
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