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 Rural Banks in Eastern Visayas
Rural banks rely on us for financial statement audits, BSP reporting support, loan portfolio and allowance review, internal controls evaluation, and tax compliance built for regulated lending.
What a rural bank audit involves
Rural banks operate under the Rural Banks Act of 1992 (Republic Act No. 7353, as amended) and the Manual of Regulations for Banks of the Bangko Sentral ng Pilipinas. The annual audit is conducted under the Philippine Standards on Auditing, and the audit report is submitted to the BSP as well as to the BIR and the SEC.
Most of the audit effort goes to the loan portfolio: the existence and classification of loans, the adequacy of the allowance for credit losses under PFRS 9 and the BSP’s provisioning rules, accrued interest, and real and other properties acquired. Deposit liabilities, capital adequacy, related party transactions and compliance with the BSP’s prudential limits are examined alongside.
What needs attention
- Loan classification and provisioning. Past due and non-performing loans, restructured accounts and the allowance for credit losses.
- Accrued interest. Interest recognised on accounts whose collection is doubtful.
- Acquired properties. Valuation, holding period and disposal of real and other properties acquired.
- Related parties. Loans and other accommodations to directors, officers, stockholders and their related interests, and the limits on them.
- Capital. Compliance with minimum capital and capital adequacy requirements.
Related services
- Review of internal controls over lending, cash and deposit operations.
- Support for BSP reportorial requirements and examination findings.
- Tax compliance, including gross receipts tax, documentary stamp tax and withholding taxes on deposits.
- Assistance during a BIR audit.
Frequently asked questions
Does the BSP set requirements for a rural bank’s external auditor?
The BSP has its own rules on the external auditors of the institutions it supervises. We confirm the requirement that applies before accepting an engagement.
When should the audit of a rural bank begin?
Before year-end. Loan confirmations, cash counts and the review of the loan portfolio are planned around the year-end date, and the audit report has its own deadline with the BSP.