Alcala Abellar Chan & Co., CPAs
Precision in Numbers,
Excellence in Strategy.
Audit and assurance, tax, accounting, and advisory services from Tacloban City, for businesses in Eastern Visayas and across the Philippines.
News & Announcements
Regulatory developments and advisories from the firm.
New BIR and SEC issuances, summarised for the people who have to act on them, alongside the AAC Tax Calendar and the AAC Tax Code.
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.
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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Insights · News & Announcements
SEC MC No. 24, Series of 2026 — mandatory use of the Online Application for Registration Statements (OARS)
The Securities and Exchange Commission has issued Memorandum Circular No. 24, Series of 2026, mandating the electronic filing of registration applications for initial public offerings, follow-on offerings, direct public offerings and first-tranche shelf registrations through the Online Application for Registration Statements (OARS). The Circular was issued on 24 August 2026 and took effect immediately.
What the Circular does
- Manual filing is over for covered applications. Applications for IPOs, follow-on offerings, direct public offerings and first-tranche shelf registrations can no longer be submitted manually or in paper form — they are processed electronically through OARS.
- A shorter processing window. Applications submitted through OARS carry a streamlined processing timeframe of about 40 days, part of the Commission’s push to reduce red tape, enhance transparency and improve regulatory efficiency for public offerings.
- An eSECURE account comes first. Filers must hold an active account on the Electronic SEC Universal Registration Environment (eSECURE) before they can initiate or manage a registration on OARS.
Covered types of registration
- Direct Public Offering (DPO);
- Shelf Registration (1st Tranche);
- Follow-On Offering (FOO); and
- Initial Public Offering (IPO).
What is OARS?
OARS — the Online Application for Registration Statements — is a web-based platform on which companies electronically submit registration statements and the required filings. It captures key company and securities information and facilitates the generation of ISINs, CFIs and FISNs in accordance with ANNA standards.
Getting in, and finding your way around
OARS is reached at oars.sec.gov.ph or through the eSECURE dashboard. On signing in, the dashboard shows the user’s name and eSECURE ID beside three panels: My Companies (the linked companies and requested management updates), Applications (the registration statement filings in progress), and ISIN Request (requests for the generation of an ISIN).
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The advisory in five cards
The same summary, in the form we publish on social media. Select any card to read it full size.
This advisory is a general summary of SEC Memorandum Circular No. 24, Series of 2026 and is not a substitute for professional advice. For guidance on your own offering or registration, please consult us.
Related: AAC Tax Calendar · AAC Tax Code · All advisories