[5] However, the available data suggest that non-traditional sources of finance accounted for less than 2 per cent of overall SME lending in 2018.
In the same way, the BSP endeavors to embed a culture of excellence and good governance among supervised financial institutions. CPAs are a big part of this. CPAs play an important role in promoting transparency in financial reporting and in reinforcing market discipline. Thus, it is paramount to know the best practices in accounting and auditing, and the latest regulatory developments.