On March 11, 2022, the Financial Reporting Standards Council (FRSC) approved the appointment to Philippine Interpretations Committee (PIC) of the following individuals.

Zaldy Aguirre
  1. Mr. Zaldy D. Aguirre as the new PIC Chair. Mr. Aguirre is also the PIC Secretary and is currently the Accounting Consulting Services Lead Partner of Isla Lipana & Co.
Cyril Jasmin Valencia
  1. Ms. Cyril Jasmin B. Valencia as the new representative of SGV & Co. Ms. Valencia is currently the Real Estate Sector Leader and Group Assurance Leader for Market Group 1 of SGV & Co.