Best Accounting & Auditing Lawyers in Makati City

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Belo Gozon Elma Parel Asuncion And Lucila

Makati City, Philippines

Founded in 1972
English
Belo Gozon Elma Parel Asuncion & Lucila is a distinguished law firm in the Philippines, renowned for its comprehensive legal services and a team of highly accomplished attorneys. Among its notable partners is Atty. Felipe L. Gozon, a distinguished aviation lawyer and former chairman of Marcopper...
Ocampo & Manalo Law Firm

Ocampo & Manalo Law Firm

Makati City, Philippines

Founded in 1997
English
Ocampo, Manalo, Valdez & Lim Law Firm (OMLAW) is a full-service legal practice in the Philippines, recognized for its comprehensive understanding of both local and international legal landscapes. Established in 1997, the firm has built a reputation for excellence across various areas of law,...
Alcantara Joaquino Alcantara Law

Alcantara Joaquino Alcantara Law

Makati City, Philippines

English
Alcantara Joaquino Alcantara Law (AJA Law) is a dynamic legal firm in the Philippines, distinguished by its integration of youth, technology, and mobility. The firm's multidisciplinary team possesses extensive experience across various areas of law, policy, and business, enabling them to provide...
Guzman Acain LLP

Guzman Acain LLP

Makati City, Philippines

English
Guzman Acain LLP, based in Makati City, Philippines, is a full-service law firm renowned for its innovative approach and extensive experience across various industries. The firm offers strategic legal solutions in sectors such as aviation and aerospace, mining and energy, banking and finance,...

Platon Martinez Flores San Pedro And Leano Law Offices

Makati City, Philippines

Founded in 1996
English
Platon Martinez Flores San Pedro & Leaño 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...
IMPERIAL-Law Offices

IMPERIAL-Law Offices

Makati City, Philippines

English
IMPERIAL-Law Office is a Philippine-based law firm engaged in the general practice of law, serving clients within Metro Manila and nearby provinces. The firm is composed of dynamic, competent, passion-driven, and highly motivated individuals with a steady commitment to excellence. The firm's...
Abanto Law

Abanto Law

Makati City, Philippines

Founded in 2022
English
Established in 2022, Abanto Law Firm has rapidly become a prominent legal institution in the Philippines, offering a comprehensive suite of services to both individuals and businesses. With a team of 30 dedicated professionals, the firm operates from strategic locations in Makati City, including...
Mendoza & Pangan

Mendoza & Pangan

Makati City, Philippines

English
Mendoza & Pangan is a boutique law firm based in Makati City, Philippines, renowned for its comprehensive legal services and client-centric approach. The firm offers expertise in various practice areas, including litigation, labor and employment, corporate and commercial law, immigration,...
vtdlaw

vtdlaw

Makati City, Philippines

English
VTD Law Offices is a modern full-service law firm in the Philippines, committed to professional excellence, efficiency, responsiveness, and problem-solving. The firm offers comprehensive legal services across various fields, ensuring that clients receive well-researched and high-quality legal...
Tech Law PH

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...
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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.