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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Services
Audit & Assurance in Tacloban City
Independent audit and assurance under the Philippine Standards on Auditing and PFRS — giving your financial statements the credibility your stakeholders, lenders, and regulators demand.
What the service covers
An audit is an independent examination of financial statements that ends in an auditor’s report. The report states whether the statements are prepared, in all material respects, in accordance with the financial reporting framework that applies to the entity. As external auditors based in Tacloban City, we perform these engagements for entities in Leyte, Samar, the rest of Eastern Visayas, and the National Capital Region.
- Financial statements audit — the annual statutory audit, giving reasonable assurance on the statements filed with the BIR, the SEC and other regulators.
- Internal audit — an examination of internal controls, compliance and operating processes, reported to management or the board.
- Review of historical financial statements — a limited-assurance engagement under PSRE 2400 (Revised), built mainly on inquiry and analytical procedures.
- Review of prospective financial statements — an examination of forecasts and projections with reference to PSAE 3400, usually for lenders or investors.
Standards that apply
Audits are conducted under the Philippine Standards on Auditing (PSA). Reviews follow the Philippine Standards on Review Engagements, and other assurance work follows the Philippine Standards on Assurance Engagements. Independence is governed by the Code of Ethics for Professional Accountants in the Philippines.
The financial statements themselves are measured against the framework the entity is required to use: full PFRS, PFRS for SMEs, or PFRS for Small Entities, depending on the entity’s size and public accountability under SEC rules. Cooperatives report under the Philippine Financial Reporting Framework for Cooperatives. Confirming the right framework is one of the first steps of every engagement.
Who needs an audit
- BIR filers. Under Section 232 of the Tax Code, corporations, companies, partnerships and persons whose gross annual sales, earnings, receipts or output exceed ₱3,000,000 must have their books of accounts audited yearly by an independent CPA. The audited statements accompany the annual income tax return.
- SEC filers. Corporations that meet the thresholds of the Revised SRC Rule 68 file audited financial statements with the SEC.
- BSP-supervised institutions. Rural banks and non-stock savings and loan associations submit an annual financial audit report to the Bangko Sentral ng Pilipinas.
- Cooperatives. Cooperatives registered with the CDA submit audited financial statements with their annual reports. Electric cooperatives also report to the NEA.
- Entities with contractual requirements. Lenders, donors, grantors and investors often require audited or reviewed statements as a condition of financing.
Some regulators require the external auditor to hold a separate accreditation for the entities they supervise. We confirm the requirement that applies to you before accepting an engagement.
How an engagement runs
- Acceptance. Independence and conflict checks, then an engagement letter that fixes the scope, the framework, the timetable and the responsibilities of each side.
- Planning. We study the business, its controls and its risks, set materiality, and design the procedures that respond to those risks.
- Fieldwork. Tests of controls and of balances and transactions, external confirmations, and attendance at the physical inventory count where inventory is material.
- Completion. Subsequent events, going concern, written representations from management, and discussion of the findings with those charged with governance.
- Reporting. The auditor’s report on the financial statements, with a separate letter on control deficiencies noted during the audit.
Timing
For calendar-year entities, the audited financial statements go with the annual income tax return due on the fifteenth day of the fourth month after year-end. SEC filing dates follow the schedule the SEC announces each year. The AAC Tax Calendar lists the BIR deadlines. Engaging the auditor before year-end allows the inventory count and cut-off procedures to be observed on time.
Frequently asked questions
What is the difference between an audit, a review and a compilation?
An audit gives reasonable assurance and ends in an opinion. A review gives limited assurance and ends in a conclusion. A compilation presents financial information without assurance and is covered under our Accounting Services.
When should we engage the auditor?
Before the end of the financial year. Planning and the inventory count happen around year-end, and an early start leaves time to resolve findings before the filing deadlines.
What should we prepare?
The trial balance and general ledger, bank statements and reconciliations, schedules of receivables, payables, inventory and fixed assets, significant contracts, minutes of meetings, tax returns filed during the year, and the prior-year audited financial statements.
Can the firm that keeps our books also audit them?
The Code of Ethics restricts an auditor from auditing its own work. We assess this before accepting an engagement, and where both services are requested for the same entity we tell you which one we can take.