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 Retail and Trading Businesses
Inventory-heavy businesses get audits, margin and variance analysis, and tax compliance built for high transaction volumes.
What the work involves
In a retail or trading business, most of the audit risk sits in inventory. The volume of transactions is high, margins are thin, and a small error in the count or the costing moves the profit for the year.
The audit attends the physical count, tests the costing of inventory under PAS 2, and analyses margins by product line and by branch to find where the figures do not behave as expected. Sales are tested from the point-of-sale records through to the books and the tax returns.
What needs attention
- Inventory. Existence at the count, cut-off of receipts and deliveries, costing method, and write-down of slow-moving and damaged goods to net realisable value.
- Shrinkage. Differences between book and physical quantities, and how they are investigated and recorded.
- Sales records. Agreement of point-of-sale reports with deposits, the books and the VAT or percentage tax returns.
- Discounts and rebates. Senior citizen and PWD discounts, supplier rebates, promotions and consignment arrangements.
- BIR requirements. Registration of sales machines, invoicing, and the annual inventory list submitted to the BIR.
Related services
- Bookkeeping and account reconciliations for multi-branch operations.
- Tax compliance health checks before a BIR audit.
- Inventory and cash control reviews.
- Company profiling and loan application assistance for working-capital financing.
Frequently asked questions
Why does the auditor attend the inventory count?
Where inventory is material, the Philippine Standards on Auditing require the auditor to attend the physical count unless that is impracticable. It is the main evidence that the inventory exists and is in saleable condition.
What does a tax compliance health check cover for a retailer?
A comparison of sales per the point-of-sale system, the books and the returns filed; a review of input VAT claimed; and the withholding taxes on rent, suppliers and compensation.