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
Other Professional Services in Tacloban City
Specialized engagements that round out a full-service practice.
What the service covers
- Agreed-upon procedures. Specific procedures agreed with the client, and with any third party who will use the report, performed under PSRS 4400 (Revised). The report states the factual findings and expresses no opinion or conclusion.
- Company profiling and loan application assistance. Preparation of the company profile and the financial information a bank asks for with a loan application.
- Estate planning. The ordering of a family’s properties and business interests ahead of their transfer, with the estate and donor’s tax consequences worked out.
- Retirement planning and funding. Estimation of an employer’s retirement obligation under the Retirement Pay Law (Republic Act No. 7641) and the options for funding it.
- Contract review. Review of the accounting, tax and commercial terms of a contract before it is signed.
- Collection services. Assistance with the monitoring and collection of receivables.
- Real estate services and other allied services. Accounting and tax assistance for the sale, transfer and management of real property.
Standards that apply
Agreed-upon procedures engagements follow PSRS 4400 (Revised). Engagements that touch on tax follow the Tax Code and its regulations; the estate and donor’s tax provisions are in the AAC Tax Code. All engagements are subject to the Code of Ethics for Professional Accountants in the Philippines.
Who needs it
- Grant recipients, franchisees and contracting parties required to submit a report of factual findings.
- Businesses preparing a loan application.
- Families planning the transfer of properties and business interests.
- Employers who have not yet measured or funded their retirement obligation.
- Buyers and sellers of real property who need the taxes and documents of a transfer worked out.
How the work runs
- Scoping. We agree what is to be done, for whom, and in what form the result will be delivered.
- Engagement letter. The scope, the timetable and the intended users of the report are recorded in writing.
- Performance. The procedures are carried out on the records and documents you provide.
- Report. You receive the report or the completed documents, with any matters that need your attention set out.
Agreed-upon procedures in practice
An agreed-upon procedures engagement suits a requirement that is narrower than an audit. Typical cases are the verification of a grant or project fund’s receipts and disbursements, of sales reported under a franchise or lease agreement, of an inventory count, or of compliance with a specific term of a contract. The procedures are written into the engagement letter, and the report lists each procedure beside what was found. Because no opinion is expressed, the users of the report draw their own conclusions from the findings.
Retirement and estate matters
In the absence of a retirement plan or agreement, Republic Act No. 7641 entitles a qualified employee to retirement pay. Employers who have not measured that obligation carry a liability that does not appear in their books. We estimate it, and set out the ways it can be funded.
For families, the transfer of properties is governed by the estate and donor’s tax provisions of the Tax Code. Planning ahead allows the taxes, the documents and the timing of each transfer to be settled while the owners can still decide.
Frequently asked questions
How is an agreed-upon procedures engagement different from an audit?
In an audit, the auditor decides the procedures and expresses an opinion. In an agreed-upon procedures engagement, the parties decide the procedures and the practitioner reports only the factual findings.
What does a bank usually ask for with a loan application?
A company profile, financial statements for recent years, tax returns, and often projections. The list varies by bank and by the size of the loan.
Who may use an agreed-upon procedures report?
The parties who agreed to the procedures, and any other users named in the engagement letter.
When should estate planning start?
While the owners can still decide how the properties and the business are to pass. The estate tax return itself is due within one year from the decedent’s death under Section 90 of the Tax Code.