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SSS clarifies net loss in unaudited 2021 FS; pension fund gains P28B

SOCIAL Security System (SSS) President and CEO Michael G. Regino clarified on Monday that the net loss of P843.9 billion shown in its unaudited financial statements for 2021 is a result of a change in accounting standard brought by Philippine Financial Reporting Standards (PFRS) 4. Regino, however, assured SSS members…
Michaelg Regino Nonoy Lacza Philippine Financial Reporting Standards Adverse Deviation Social Security Act

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