Tacloban City, Philippines 0995 398 9482 info@aaccocpas.com
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Audit Services for Non-Stock Savings and Loan Associations

We serve NSSLAs with statutory audits, BSP regulatory reporting, verification of member capital and loan accounts, and governance and controls suited to non-stock, member-based finance.

What an NSSLA audit involves

Non-stock savings and loan associations operate under the Revised Non-Stock Savings and Loan Association Act of 1997 (Republic Act No. 8367) and are supervised by the Bangko Sentral ng Pilipinas. An NSSLA accepts savings from, and lends to, a well-defined group of members only, and its annual audit report is submitted to the BSP.

The audit covers members’ capital contributions and deposits, loans to members and the allowance for credit losses, the distribution of net income to members, and compliance with the BSP regulations that apply to the association.

Related services

  • Verification of member capital and loan accounts against the subsidiary records.
  • Support for BSP reportorial requirements and examination findings.
  • Review of governance and of controls over lending and collections.
  • Tax compliance and 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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