# Philippines SEC Tightens Auditor Accreditation

The Securities and Exchange Commission (SEC) of the Philippines has issued Memorandum Circular No. 26, Series of 2026, which tightens accreditation requirements for auditors of companies holding government contracts. This regulation introduces new auditor categories based on contract values and mandates enhanced audit quality reviews and detailed project reporting. These rules apply to audits for fiscal years ending on or after June 30, 2027, affecting contractors engaged in government procurement, including infrastructure projects and services with national government agencies, local government units, government-owned and -controlled corporations, and state universities and colleges.

- Contractors with government contracts must ensure their auditors meet the new accreditation standards by the June 2027 audit period.
- Procurement professionals should incorporate these enhanced audit requirements into contract compliance and risk management processes.
- Auditing firms aiming to serve government contractors in the Philippines need to align with the updated SEC accreditation categories and reporting standards.
- This development signals increased regulatory scrutiny on financial reporting quality for government procurement projects, impacting contractor eligibility and audit preparation.

**Jurisdictions:** federal
**Industries:** Construction & Infrastructure
**Topics:** Regulatory Compliance
**Published:** September 18, 2026

### Government Entities
- Securities and Exchange Commission (SEC)

### Sources
- [SEC tightens accreditation rules for auditors of gov’t contractors](https://business.inquirer.net/611679/sec-tightens-accreditation-rules-for-auditors-of-govt-contractors/amp) - Inquirer.net
- [SEC tightens accreditation rules for auditors of gov’t contractors](https://business.inquirer.net/611679/sec-tightens-accreditation-rules-for-auditors-of-govt-contractors) - Inquirer.net