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.
View full profile →
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.
View full profile →
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.
View full profile →
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.
View full profile →Insights
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
Message us on Messenger
Industries
Audit and Compliance for Non-stock, Non-profit Entities
Foundations and NGOs trust us for fund accountability, statutory audit, and donor and regulatory reporting.
What the work involves
A foundation or non-governmental organisation answers to several parties at once: the SEC as a non-stock corporation, the BIR for its tax exemption, and its donors and grantors for the use of their funds. Some are also accredited as donee institutions, so that donations to them are deductible to the donor.
The audit follows the funds. It tests receipts against grant agreements and pledges, disbursements against the purposes for which the money was given, and the balances of restricted funds against the cash that should be holding them.
What needs attention
- Restricted and unrestricted funds. Proper classification, and release of restrictions only when the conditions are met.
- Grants. Compliance with the terms of each agreement, unspent balances and amounts refundable to the grantor.
- Donations in kind. Recognition and valuation of goods and services received.
- Tax exemption. The Certificate of Tax Exemption, and income from activities conducted for profit, which is taxable regardless of how it is used.
- Administrative costs. Allocation between programmes and administration, where donors or accreditation rules set a limit.
Related services
- Agreed-upon procedures on a grant or project fund, reported to the donor.
- Tax compliance, including withholding taxes and the returns an exempt organisation still files.
- Fund accounting and bookkeeping.
- Corporate secretarial assistance with SEC reportorial requirements.
Frequently asked questions
Does a tax-exempt organisation still file returns?
Yes. An exempt organisation files an annual income tax return, withholds and remits taxes on salaries and payments to suppliers, and pays tax on income from activities conducted for profit.
What is the difference between an audit and a donor’s project audit?
The statutory audit covers the financial statements of the whole organisation. A donor may also require a report on its own project, which is usually performed as a separate audit or an agreed-upon procedures engagement on the terms of the grant.