Services rendered by a Public Accountant in the Philippines

1. Auditing has traditionally been the primary service offered by most public accounting practitioners. Auditing or specifically external auditing is the "examination      of financial statements by independent certified public accountant for the purpose of expressing an opinion as to the fairness with which the financial statements are prepared".
2. Taxation Services include the preparation of annual income tax returns and determination of tax consequences of certain proposed business endeavors. The CPA not infrequently represents the client in tax investigations.
3. Management Advisory Services has become increasingly important in recent years, although audit and tax services are undoubtedly the mainstay of public accountants. It has no precise coverage but is used generally to refer to services to clients on matters of accounting, finance, business policies, organization procedures, product costs, distribution and many other phases of business conduct and operations.