Interniship Description

Topics: Philippines, Financial audit, Audit Pages: 8 (2459 words) Published: March 11, 2012
Academic Paper

I. Interniship Description

Reyes Tacandong and Company (RT&Co.) is a new player on the Filipino audit and advisory services market. It was created end of June 2010 by 9 partners formerly from SGV / EY, the leader of the market in the Philippines.

Reyes Tacandong and Company is specialized in Audit, Advisory and Tax services. Partners leading the firm benefit from an excellent reputation and strong legitimacy on the Filipino market. The firm’s President, Roman Felipe S. Reyes has more than 30 years of audit experience in both the Philippines and the United States.

They are a group of Filipino professionals, recognized in the industry as authorities in Due Diligence, Tax, Advisory, Audit Services, known for our enviable track record.

They are founded on age-old corporate values, imbibed and practiced even before the company was formed. They are steeped in the fundamentals of their practice and adhere to high standards of excellence and professionalism, yet responsive to the ever-changing dynamics of Philippine business.

Because of who they are, and how they work, they are determined to become the preferred solutions provider of top corporations, financial services firms, government entities, non-profit organizations, entrepreneurs and high net-worth individuals. C. ORGANIZATIONAL STRUCTURE


Founding member and the firm’s visionary.
After a 4-year stint with Ernst & Young New York as a supervisor, Manny joined SyCip Gorres Velayo & Co. (SGV & Co.) in 1979. He was promoted to partner in 1984 and held the position for 25 years. He was a senior partner and vice-chairman for client services. Manny is known to lead teams in providing technical knowledge to address special issues associated with clients' complex industry risks & regulations. He was head of SGV&Co.'s Japan Business Services as well as head of the firm's highest revenue generating business unit. Manny has a bachelor’s degree in commerce, major in accounting from San Beda College in 1972 and a master’s degree in business administration, concentration in finance from the University of Detroit. PROTACIO T. TACANDONG

Chief Operating Officer
[pic]Founding member and the firm ’s pathfinder.
Cocoy was made a partner at SyCip Gorres Velayo & Co. (SGV & Co.) in 1989 and assigned as partner-in-charge of the SGV & Co. Davao branch. Four years later, he was made partner-in-charge of all Mindanao branches and supervising partner for the Visayas branches From 1999 to 2009, Cocoy was chief finance & administrative officer and head of SGV & Co. branches. He was also chairman of the operational excellence committee and member of the operations, management, and people first committees. He is a graduate of the University of San Carlos, Cebu City, where he obtained his bachelor’s degree in commerce, major in accounting in 1971. He earned his master in management degree from the Asian Institute of Management. Cocoy actively participates in the business development of Mindanao by serving key positions in various trade and business associations such as being president of Davao City Chamber of Commerce & Industry, Rotary Club, Mindanao Business Council and Philippine Business for Social Progress (PBSP). He has also served as national president of the Philippine Institute of Certified Public Accountants (PICPA) from 2008 to 2009.

The firm is composed of 11 partners and continuously growing number of staff such. It plans to recruit 100 staff in its first year of operation. The three-year plan is to hire 250 staff, which would place Reyes Tacandong and Company among the leading mid-tier firms.

Reyes Tacandong and Company’s partners all controversially left SGV, alleging there had been management interference from Ernst & Young’s (E&Y) Far East practice. SGV is a member of the Big Four network but all firms operating in the...
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