An accounting firm in the Philippines is an integral partner for any entrepreneur conducting business in the country. It helps business owners do their due diligence and make sound financial decisions. An accounting firm is a company that employs accountants or accounting professionals. They help clients or businesses handle their finances. Some of the services an accounting firm offers are tax preparation and planning, auditing, bookkeeping, payroll processing, cashflow management, financial advisory, and more.
When choosing an accounting firm in the Philippines for your business, you want one with relevant experience, quality service, certification, high-end software and technology, and a proactive approach to helping you save money. Based on these criteria, here are dubbed as the “Big 4” accounting firms in the Philippines.
1. Sycip, Gorrez, Velayo & Co. (SGV) (Partner Firm of EY)
SGV is considered the leading accounting firm in the Philippines. It serves as the audit firm for some of the top 1,000 corporations and companies in the country. Established in 1946, it has over 75 years of experience. Its founder, Mr. Washington SyCip, is considered one of the pioneers of the Filipino accounting profession.
2. PwC Philippines/Isla Lipana & Co
PwC is an international name with a network firm of 152 countries and employs 328,0000 professionals worldwide. In the Philippines, Isla Lipana & Co. is a member firm of PwC. It provides advisory and tax services to leading companies in the country. The company began in the Philippines in 1922 with Scottish accountants Charles P. White and Percival S. Page. After World War II, it was taken over by Filipinos, Joaquin Cunanan & Co., who continued the company’s vision for over 40 years.
3. Deloitte Philippines
Deloitte is among the biggest accounting firms, as it operates in over 150 countries worldwide. It offers services such as audit and assurance, consulting, financial advisory, legal service, risk advisory, and tax due diligence.
4. Klynveld Peat Marwick Goerdeler (KPMG)
Among the “Big 4,” KPMG is considered the oldest firm, with its parent company founded in 1818. It has more than 670 offices in over 150 countries. KPMG Philippines promises to be a “people-oriented company” and was awarded as one of the Philippines’ best employers. On a list of the Top 300 corporations, KPMG in the Philippines is in the Top 60, according to the company’s website.
Accounting is crucial to business, whether you manage a small, medium, or large company. A reputable accounting firm in the Philippines can help your business operate seamlessly and keep up with your tax and legal obligations.
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