https://cids.up.edu.ph/flood-control-fiasco-a-policy-reckoning-for-accountability-in-the-philippines/The SEC's proposal nor its press release for it does not explicitly cite the 2025 flood control scandal. Comments may be submitted to the SEC Office of the General Accountant at [email protected] on or before May 15. That is the commission's most stringent tier, the same one that covers listed companies, public firms with at least P50 million in assets, and stock exchanges. Tougher standards for the auditors themselvesThe SEC also wants to roughly double the experience requirements that auditing firms must meet to earn accreditation. This is a temporary pass the SEC grants to firms that don't fully meet requirements but are allowed to operate while they catch up.

Source: Philippine Star April 07, 2026 14:16 UTC