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e-BULLETINS

SGV and EY Netherlands team up for international Shell engagement

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SGV/EY Philippines and EY Netherlands are teaming across borders to provide services to Shell Information Technology International BV. The engagement is headed by EY Netherlands partner Arnout Ratelband. SGV’s team, led by IT Risk and Assurance (ITRA) head Rosing Fajardo (RAF) as the Local Project Sponsor, is composed of 30 members from ITRA and the Asia Pacific Talent Hub. The Offshore Testing Team is performing the SOX management testing of general controls in Shell…
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SGV turns over publications to PICPA

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SGV formally turned over copies of its publications to the Philippine Institute of Certified Public Accountants (PICPA) in a simple ceremony held last 26 March at the Americana Room. The publications were the Firm’s latest resource materials on International Financial Reporting Standards (IFRS) and local taxation. Copies of SGV Founders’ biographies, namely Wash: Only a Bookkeeper and Just the Way It Happened: Memoirs of Alfredo M. Velayo, as well as the Firm’s investor primer, Doing business in the Philippines, were also given. These will become part of the PICPA Library, where they can be accessed by accounting professionals and students…
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Tax leaders attend session on driving profitable growth

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Tax partners, principals, executive directors and senior directors participated in a session entitled APAC Driving Profitable Growth: Improving Margin and Strategic Negotiations on 24 March at the WS Development Center. Deputy Tax Head Willie Villanueva introduced the session’s instructors from EY: Jim Hunter, Adrian Ball, Ian Farrington, Jim Sitko, Gary Ellison and Rowan Vevers. The instructors discussed improving margins and strategic pricing and negotiations in the context of the Tax Account Leader role…
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SGV joins 10th Annual Asia Mining Congress 2014

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The SGV mining team participated in the 10th Annual Asia Mining Congress 2014 from 18 to 19 March at the Suntec International Convention and Exhibition Centre in Singapore. Organized by Terrapin Pte Ltd, the event covers the exploration, investment and development landscape in Asia for miners, financiers and investors. Over 600 delegates from more than 30 countries attended the conference including SGV Natural Resource Development Industry Head and MG 7 Leader Jimmy del Rosario and Assurance partner Len Layug…
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LLC speaks on IFRS 4 Phase II development

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Insurance Industry Leader and Assurance Partner Lucy Lim-Chan (LLC) was the guest speaker at the Actuarial Society of the Philippines (ASP) first quarter membership meeting held last 14 March at the F1 Hotel Manila. LLC discussed the developments in Phase II of IFRS 4, Insurance Contracts, focusing on the five key changes in the 2013 Exposure Draft from the one in 2010. After her talk, LLC joined PNB Life Insurance, Inc. Chief Actuary Ian Nuqui and First Life Financial Chief Operating Officer Jaime Santiago in a reaction panel…
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Moments and milestones

SGV is Number One again!

SGV maintains its lead among auditors in the country with a 40% market share of the highest-grossing companies included in the 2013 edition of BusinessWorld’s Top 1000 Corporations in the Philippines. BusinessWorld reports that the Firm audited the financial statements of 407 of the Top 1000 corporations, an increase of 43 from last year. Coming in next were Manabat Sanagustin & Co. (KPMG) with 10.9% and Isla Lipana (PwC) with 10.6%…
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Alumni Spotlight

SGV Alumni receives award from Queen Elizabeth

In recognition of his efforts to promote relations between the Philippines and the United Kingdom for over four decades, former SGVean Roberto F. de Ocampo was made an honorary Officer of the Most Excellent Order of the British Empire (OBE) medal from Her Majesty Queen Elizabeth. The medal was presented by British Ambassador Stephen Lillie…
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