ARTA made the announcement after Director-General Jeremiah Belgica conducted a surprise visit at the SEC head office last August 19 to observe the agency’s frontline services.
Belgica assured Aquino that ARTA will assist SEC to improve its service delivery. However, he directed SEC to submit the complete list of pending applications for Accreditation of Auditing Firms and External Auditors with complete documentary requirements and duly paid fees. The ARTA directed FDA to submit the pending applications with the Center for Food Regulation and Research and the Center for Drug Regulation and Research, which were found to have the most number of backlogs in terms of various applications.
ARTA then declared the completeness of all the pending applications for automatic renewal in the list submitted by FDA, and the pending applications for accreditation of external auditors by the SEC. The agency said the applications are deemed automatically approved by operation of law.
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