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What is QAR Program? The Quality Assurance Review (QAR ) Program is a step for improving the credibility and reliability of financial statements audited by Philippine auditors, be it done by an individual CPA practitioner or by a large CPA firm. The program was introduced by the Board of Accountancy (BOA) in accordance with the practice of CPAs around…
When I first thought of putting up a professional firm, a CPA firm, in particular, I chuckled and said now this one is a serious stuff. Well, of course, I am always serious when it comes to my work and profession. And as a workmanship, I must say there is no room for errors. I regard…
“An investment in knowledge always pays the best interest by Benjamin Franklin” – this quote, its one of my favorites!. Truly, knowledge pays the best interest, whether it’s about arts, culture, politics, business, finance, etcetera, etcetera. However, I won’t be talking about “knowledge” per se. Knowledge, it’s wide. It’s vague like the universe. What I would like to…
Last December 2009, yep, yep, last Christmas season, I accompanied my grandma to her cousin’s house in Project 6, Quezon City. Inside Tita Cora’s house, I noticed that several bottles of pickled green papaya, carrots, raisins, plus ampalaya stripped were neatly organized atop of a table; yes it’s “atchara”. Other bottles, that size of small ladies…
Based on the Tax Code of the Philippines under Sec. 236 (j), for a proper identification with regards to tax purposes, any person may it be natural or juridical must submit or file a return, statement or other documents with assigned Tax Identification Number (TIN) to the Bureau of Internal Revenue. Here is a guideline…
Bong Corpuz & Co. CPAs 