Best Accounting & Auditing Lawyers in Makati City

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Tech Law PH
Makati City, Philippines

English
Tech Law PH is a Philippine-based full-service law firm with a specialized focus on technology and innovation. The firm offers comprehensive legal services across various practice areas, including fintech and allied services, mergers and acquisitions, gaming and due diligence, corporate and...

Founded in 1996
English
Platon Martinez Flores San Pedro & Leaรฑo Law Offices is a full-service law firm based in Makati City, Philippines, offering comprehensive legal services across various practice areas. Established in 1996, the firm has developed a strong reputation for its expertise in corporate and investments...
Herrera Teehankee & Cabrera
Makati City, Philippines

English
Herrera Teehankee & Cabrera is a distinguished law firm in the Philippines, renowned for its comprehensive legal services across various practice areas. The firm's team of seasoned attorneys brings extensive experience and a deep understanding of the Philippine legal landscape, enabling them to...
Villanueva Gabionza and Dy Law Offices
Makati City, Philippines

Founded in 1990
English
Established on July 1, 1990, Villanueva Gabionza & Dy Law Offices has developed into a dynamic legal institution, serving a diverse clientele with a wide range of legal needs. The firm's multidisciplinary approach encompasses commercial and corporate law, mergers and acquisitions, litigation,...
BALISI TAN-DELA CRUZ & LOPEZ LAW
Makati City, Philippines

English
BALISI TAN-DELA CRUZ & LOPEZ LAW is a full-service law firm based in Makati City, Philippines, offering comprehensive legal services across various areas of Philippine law. The firm comprises a team of seasoned lawyers and consultants with diverse and extensive experience, enabling them to address...

Founded in 2007
English
Gatmaytan Yap Patacsil Gutierrez & Protacio (C&G Law) stands as a prominent law firm in the Philippines, recognized for its excellence and expertise across a broad spectrum of legal services. The firm is well-versed in handling complex commercial transactions and disputes, leveraging its...
CAGUIA TAN & CUA Law Offices
Makati City, Philippines

Founded in 2019
10 people in their team
English
The law offices of Caguia Tan and Cua, or CTC Law Offices, offer a broad range of legal services covering nine (9) principal areas of practice. As a multi-specialty law firm, CTC Law practices collaborative lawyering to address core legal issues and deliver results in an expeditious manner. We take...
Exiomo Law Chambers
Makati City, Philippines

English
Exiomo Law Chambers, based in Makati City, Philippines, offers a comprehensive range of legal services. The firm's collective experience encompasses corporate structuring, project development and financing, public-private partnerships, tax law, foreign direct investments, public land utilization...
Veralaw
Makati City, Philippines

Founded in 1949
English
Established in 1949 by V.E. Del Rosario, VeraLaw has evolved from a solo practice into a full-service law firm renowned for its expertise in maritime and admiralty law, corporate and business law, insurance, intellectual property, labor law, litigation, and dispute resolution. The firm represents...

Founded in 1995
English
Established in 1995, Roxas De Los Reyes Laurel & Rosario Law Offices is a full-service law firm based in Makati City, Philippines, specializing in corporate law. The firm's expertise encompasses mergers and acquisitions, proxy contests, securities, quasi-reorganizations, real estate, labor...
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About Accounting & Auditing Law in Makati City, Philippines

The field of Accounting and Auditing law in Makati City, Philippines is primarily concerned with the proper financial practices and records of businesses. It revolves around Philippine laws such as The Accountancy Act of 2004, Tax Reform Act, and the Securities Regulation Code. This sector ensures businesses comply with standard accounting practices, pay appropriate taxes, and fulfill obligations towards employees and other stakeholders.

Why You May Need a Lawyer

Legal advice related to Accounting & Auditing may be required in several situations; if you are facing an audit from the Bureau of Internal Revenue (BIR), if your company has complex financial transactions that need sound advice on record-keeping, in case of merger and acquisition negotiations, or when dealing with bankruptcy or insolvency issues. Additionally, a lawyer can help to structure your business in a tax-efficient manner, ensure the accuracy of financial statements, and assist in dispute resolution with the government or other businesses.

Local Laws Overview

The major legal aspects revolve around The Accountancy Act of 2004, which governs Certified Public Accountants (CPAs), the National Internal Revenue Code that governs tax matters, the Corporation Code for business operations, and the Securities Regulation Code for share and stock-related matters. Anti-Money Laundering Act (AMLA) of 2001 also is relevant in accounting and auditing as businesses are required to comply with the AMLA regulations.

Frequently Asked Questions

What are the accounting standards used in the Philippines?

The Philippines uses the Philippine Financial Reporting Standards (PFRS) and Philippine Accounting Standards (PAS), which are converged with International Financial Reporting Standards (IFRS).

How often should businesses be audited in Makati City?

As a rule, companies submit audited financial statements once a year. However, there could be situations where Interim Audits could be required.

What is the role of the Bureau of Internal Revenue(BIR) in audit practices?

The BIR performs its own audits to ensure businesses are accurately paying taxes. They have the authority to investigate company books and records.

Who can conduct audits in the Philippines?

Only accredited independent auditors, typically CPAs, are recognized to perform official audits on companies.

What are the penalties for non-compliance with the accounting and auditing laws?

Penalties vary depending upon the nature and extent of non-compliance. A company can face fines, penalties, the risk of losing its business license, or even criminal charges for serious offenses.

Additional Resources

The Professional Regulation Commission (PRC), Board of Accountancy, and the Securities and Exchange Commission (SEC) are vital resources for anyone seeking more in-depth information or needing legal advice in the field of accounting and auditing. They provide rules, regulations, and guidelines regarding this field.

Next Steps

If you need legal assistance in accounting and auditing, it is advisable to seek advice from a practicing CPA or law firm specializing in business law. Make sure to prepare all relevant documents related to your business to facilitate a smooth and efficient consultation.

Lawzana helps you find the best lawyers and law firms in Makati City through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Accounting & Auditing, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Makati City, Philippines - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.