Central Bank of the Philippines requires audited financial statement self-assessment checklists from 2025 filings

The Central Bank of the Philippines issued guidelines requiring all covered supervised financial institutions to submit an Audited Financial Statements Self-Assessment Checklist together with their audited financial statements, starting with the 2025 audited financial statements. The measure is intended to reinforce accountability for the completeness and accuracy of audited financial statement submissions and makes the checklist part of the regular filing package. Separate checklist templates apply to banks, non-bank financial institutions and trust corporations. The checklist must be sent electronically in both Word and PDF formats no later than 120 calendar days after the close of the institution's calendar or fiscal year, certified and signed by an authorized official, and transmitted from the institution's officially registered email address. Hard-copy submissions will not be accepted. The templates require institutions to confirm compliance with existing audit, reporting and disclosure requirements, including the use of approved external auditors, Philippine Financial Reporting Standards and Philippine Accounting Standards compliance, required audited financial statement components and reconciliations, external auditor certifications, letters of comments or equivalent no-issue certifications, board or management actions, and institution-specific disclosures such as capital, liquidity, related-party or large exposures, and off-balance-sheet commitments. Existing reporting standards remain in force, and noncompliance remains subject to sanctions under current regulations.