(NAR) VOL. 21 NO.1/ JANUARY - MARCH 2010
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Violation | First Offense | Second Offense | Third Offense | |
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Material deficiency in the financial statements or non-compliance with the requirements of the Rules | | Deficit | P2,500 | P5,000 | P10,000 |
| Retained Earnings: | ||||
| Up to P1,000,000 | P5,000 | P10,000 | P20,000 | |
| P1,000,000 to P10,000,000 | 6,000 | 12,000 | 24,000 | |
| P10,000,001 to P20,000,000 | 7,000 | 14,000 | 28,000 | |
| P20,000,001 to P30,000,000 | 8,000 | 16,000 | 32,000 | |
| Above P30,000,000 | 9,000 | 18,000 | 36,000 | |
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Violation | First Offense | Second Offense | Third Offense | |
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Material deficiency in the financial statements or non-compliance with the requirements of the Rules | | Deficit | P2,500 | P5,000 | P10,000 |
| Retained Earnings: | ||||
| Up to P1,000,000 | P5,000 | P10,000 | P20,000 | |
| P1,000,000 to P10,000,000 | 6,000 | 12,000 | 24,000 | |
| P10,000,001 to P20,000,000 | 7,000 | 14,000 | 28,000 | |
| P20,000,001 to P30,000,000 | 8,000 | 16,000 | 32,000 | |
| Above P30,000,000 | 9,000 | 18,000 | 36,000 | |
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