Business entities or corporate taxpayers with annual gross revenues exceeding Php3 million are required to have their books of accounts examined and audited annually by independent Certified Public Accountants (CPA). They need to prepare and submit Audited Financial Statements (AFS) and other related disclosures with the BIR and SEC every year as part of their annual compliance.

When it comes to Housing Loans in general, the more a lender knows about the business and can see into its financial capacity, the better their chances of getting an approval.

Did this answer your question?