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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…
Hear ye, hear ye, hear ye! Guys and gals, lend me your ears… So, what about the BIR RR 15 of 2010? Well, this is the new regulation by the BIR providing for additional requirements in financial statements attached to returns such as the amount of input value-added tax (VAT) claimed, including details on purchases…
The stats helper monkeys at WordPress.com mulled over how this blog did in 2010, and here’s a high level summary of its overall blog health: The Blog-Health-o-Meter™ reads Fresher than ever. Crunchy numbers The average container ship can carry about 4,500 containers. This blog was viewed about 14,000 times in 2010. If each view were…
Bong Corpuz & Co. CPAs 