Tacloban City, Philippines 0995 398 9482 info@aaccocpas.com
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Audit and Advisory for Electric Cooperatives in Eastern Visayas

We audit and advise electric cooperatives on NEA and ERC reporting requirements, rate and subsidy documentation, asset and inventory controls, and the tax compliance that comes with member-owned utility operations.

What an electric cooperative audit involves

Electric cooperatives are organised under Presidential Decree No. 269, as amended by the National Electrification Administration Reform Act of 2013 (Republic Act No. 10531). They are supervised by the NEA, and their rates are regulated by the Energy Regulatory Commission.

The audit gives attention to utility plant and construction work in progress, materials and supplies inventory, consumer accounts receivable, power cost payables, members’ contributions, and the funds and charges the cooperative collects and must account for separately.

Related services

  • Support for NEA and ERC reportorial requirements.
  • Review of controls over billing, collection, inventory and procurement.
  • Tax compliance for member-owned utility operations, including withholding taxes and local taxes.
  • Assistance during a BIR audit.

How we help

  • Statutory audit and assurance
  • Tax compliance, planning, and BIR assessment support
  • Bookkeeping and financial reporting
  • Internal controls, risk, and regulatory compliance
  • Business advisory and corporate services
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