What we do
Full-service assurance, tax, and advisory.
From statutory audit to strategic advisory, our engagements are built on rigor, ethics, and a genuine understanding of your business.
Audit & Assurance
- Financial statements audit
- Internal audit
- Review of historical financial statements
- Review of prospective financial statements
Tax Services
- Tax assessment
- Tax compliance health check
- Tax due diligence
- Tax opinions and rulings
- Tax planning and structuring
- Estate and donor’s tax compliance
Accounting Services
- Bookkeeping
- Compilation of financial statements
- Account reconciliations
- Internal accounting
Advisory & Business Consultancy
- Business policy making
- Financial due diligence
- Risk management
- Strategic management
Corporate Services
- Business registration
- Corporate structuring
- Corporate secretarial
- Payroll processing and compliance
Other Services
- Agreed-upon procedures
- Company profiling & loan application assistance
- Estate planning · Retirement planning and funding
- Contract review · Collection services
- Real estate services and other allied services
Who we serve
Industries we serve.
The reporting framework, the controls, and the regulator differ by sector. Our engagements cover twelve.
Beyond Tacloban City
Engagements run from wherever you are.
Clients elsewhere in Eastern Visayas, in Metro Manila and in other regions work with us without travelling to our office.
Documents turned over online
Records, schedules and supporting documents are exchanged through shared online folders, and reports are delivered the same way.
Meetings by video call
Planning, status and closing meetings are held by video call. Visits are scheduled where the work requires them, such as an inventory count.
Electronic filing
Returns and reports are filed through the online systems of the BIR, the SEC and the other agencies that accept them.
Our Partners
Led by credentialed professionals.
Four partners with national distinctions, international practice, and deep roots in the academe.
Placed 2nd in the May 2018 CPA licensure examination. Trained in assurance and taxation at one of the largest professional services firms in the world before returning to Region VIII, and has since audited MSMEs through to large corporations. Assists taxpayers through BIR audits and assessments. Teaches audit, assurance, and taxation, and authored a CPA reviewer book on auditing.
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Audit and Professional Practice Director at one of the world’s Top 4 professional services firms, serving in its London, New York, and Philippine offices. Sat three consecutive terms on the Audit and Assurance Standards Council, served as National President of PICPA for FY 22-23, and sits on the council of the ASEAN Federation of Accountants. Led Saint Paul School of Professional Studies as President for more than a decade.
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Placed 1st in the May 2018 CPA licensure examination and 10th in the December 2023 Bar. Practice centres on tax compliance and health checks, assistance with tax audits, corporate structuring, and tariff and customs compliance. Began his career as a risk and compliance officer, internal auditor, and data privacy officer. Lectures on taxation and commercial law and reviews for the CPA board examinations.
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More than half a decade in the public practice of accountancy, auditing MSMEs and large corporations across retail and trade, educational institutions, non-profits, importation, and services. Began as an audit associate at a Manila firm. Works in full-cycle accounting and financial reporting with variance and ratio analysis. School accountant and part-time lecturer at SPSPS, and treasurer of PICPA–Tacloban Chapter.
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What falls due this month.
The next filing and payment deadlines we are tracking. Open the calendar for the full year.
Get in touch
Let’s talk about your business.
Tell us what you need — audit, tax, bookkeeping, or advisory — and our team will get back to you.
2nd Floor, Rubber Tree Building, Brgy. 77, 611 BLISS – Fatima Diversion Road, Tacloban City, Philippines 6500
Suite 302, F. Mendoza Complex, Sto. Niño St., Brgy. 28, Tacloban City 6500
0995 398 9482
info@aaccocpas.com
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Industries
Audit and Tax Services for Construction Companies
From contractors to developers, we handle percentage-of-completion reporting, project cost controls, statutory audit, and tax compliance for construction businesses.
What the work involves
A contractor’s revenue is recognised over the life of each project under PFRS 15, usually by measuring the costs incurred against the total estimated cost. The reported profit of the year therefore rests on estimates: what each project will finally cost, and how far along it is.
The audit tests those estimates project by project. It compares budgets with actual costs, follows variation orders and claims to their approval, and checks billings, retention and advances against the contracts.
What needs attention
- Estimated cost to complete. Whether budgets are updated, and whether a project expected to lose money has been provided for.
- Contract assets and liabilities. Work done but not yet billed, billings in excess of work done, retention receivable and advances from customers.
- Project costing. Materials on site, subcontractor accruals, equipment costs and the allocation of overhead to projects.
- Taxes on contracts. Creditable withholding tax deducted by customers, VAT on progress billings, and the taxes withheld by government agencies on public contracts.
- Licensing. Contractors are licensed by the Philippine Contractors Accreditation Board, and audited financial statements support the licence category applied for.
Related services
- Project cost control and internal control reviews.
- Tax compliance and BIR audit assistance, including the reconciliation of withholding tax certificates.
- Job-cost bookkeeping for contractors without a full accounting team.
- Company profiling and loan application assistance for project financing and bonding.
Frequently asked questions
How is revenue recognised on a project that spans two years?
Over time, in proportion to the progress of the work, provided the contract meets the conditions of PFRS 15. Each year carries the share of revenue and cost that corresponds to the work performed in it.
What should a contractor have ready for the audit?
A schedule of projects with contract price, variation orders, costs to date, estimated cost to complete and billings, together with the contracts, progress billings and subcontractor agreements.