In the Philippines, businesses are generally required to have their financial statements audited annually. An audited financial statement Philippines ensures accuracy, compliance with local regulations, and transparency for stakeholders. Corporations, especially those registered with the Securities and Exchange Commission (SEC), must submit audited reports yearly, reflecting their financial performance and position. Regular audits help identify discrepancies, prevent fraud, and provide credibility to investors, creditors, and government agencies. Even smaller enterprises benefit from yearly audits, as they support sound decision-making and financial planning. Timely preparation of an audited financial statement Philippines is essential for maintaining trust and regulatory compliance.