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Prosperity



At R.G. Manabat & Co. ("KPMG in the Philippines" or the "Firm"), we do work that matters. This value is what makes our business purposeful, especially in driving prosperity for all Filipinos. We strive to make a positive impact through our services for our clients that help transform societies, communities and our planet. We are dedicated to enhancing the quality of life in local communities by empowering and supporting them through volunteerism, donations and scholarships, aiming for sustainable and positive outcomes.​​

We believe in the spirit of volunteerism and in giving back to our local communities. We encourage and support our people to work together to contribute to nation-building by dedicating time and resources to do volunteer activities in partnership with various non-government organizations. We also demonstrate our commitment to purposeful business by proactively supporting communities address their most immediate needs especially during times of crisis and disasters.

We also put particular emphasis on narrowing the gap in access to quality education through our annual scholarship programs. Our aim is to aid talented and underprivileged Filipino youths, encouraging them to become active contributors to society in the future. We believe that investing in the younger generation is crucial for cultivating a fruitful future.

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“KPMG R.G. Manabat Foundation’s main thrust is to improve communities through education, scholarship and community development programs.”

Emmanuel P. Bonoan

Vice Chairman and COO, Head of Advisory

KPMG in the Philippines

R.G. Manabat & Co.

Audit Quality

Operate the business in accordance with our purpose – to inspire confidence and empower change

Do work that matters which can create a positive difference for our clients, people and communities


We are one of the most trusted auditing firms in the country. Hence, a high-quality independent audit is the cornerstone of this trust. We are committed to be a leader across all services of audit, especially to be a significant change-maker around the discussion in the market about audit quality and how this is continuously evolving over time. To ensure that our work consistently meets the needs of the market, we use a broad range of mechanisms to monitor our performance, respond to feedback and seek opportunities to improve.​

We deliver value by providing insights to help our clients better understand our independent audit assessment through a working relationship between us and our clients. Our approach involves communicating the audit results to help organizations identify processes and systems to enhance, accelerate, automate, augment and arrive at business decisions that drive growth and profitability.

We believe that a technology-driven audit is the future. By embedding technology in every phase of the audit, we look deeper and see farther into clients’ data to realize the full value of the information. We understand that it is important to leverage relevant technology that enables us to focus audit efforts where it is really needed, thereby enhancing efficiency to save time and effort.


What we've done to drive progress

At KPMG, we have quickly adapted to the new normal of hybrid work, while remaining laser-focused on audit quality. We continue to stay agile and have adopted new ways of working to ensure we are still able to deliver the best work for our clients, which include new approaches like video-based walkthroughs, technology to explore asset valuations, centralization of services, and project management features to ensure execution.​

In the area of audit quality leadership, a multi-year Audit Quality Transformation (AQT) is in progress, accompanied by the full deployment KPMG Clara Workflow (KCW), Second Line of Defense (2LOD) and System of Quality Management (SoQM).

KPMG Clara Workflow (KCW)​

KPMG Clara is a leading transformational innovation in the audit industry and empowers our auditors to enhance audit quality while bringing a greater range and depth of insights to our clients.

Second Line of Defense (2LoD)​​

We have implemented the Integrated Second Line of Defense (2LoD) Program to ensure audit quality by conducting an independent review of areas of focus on audit engagements during each stage of the audit process, and providing direct and real-time support and coaching to engagement teams before the audit opinions are signed, with the goal of helping the team deliver an audit that complies with the relevant professional standards. ​

The 2LoD Program covers the different quality reviews such as the full and limited inflight reviews, risk assessment and planning discussion, enhanced engagement quality control review, and the Department of Professional Practice’s (DPP) Quality Control Level 2 review.​​

System of Quality Management (SoQM) ​​

We have implemented SoQM to enable the implementation of various controls and ensure the delivery of consistent, high-quality services to clients.​

We subjected the effectiveness of our controls to rigorous testing, and we worked diligently to identify and address any findings or deficiencies that could impact our ability to deliver consistent, high-quality service to our clients.​

Service Quality and Client Satisfaction

Operate the business in accordance with our purpose – to inspire confidence and empower change​

Do work that matters which can create a positive difference for our clients, people and communities​

This year we have made significant progress in unlocking our organization’s contributions toward economic and social prosperity in line with the UN Sustainable Development Goals (SDGs). This is a testament to how we create meaningful and impactful work, thereby fostering employment, generating wealth, and contributing to both the economy and regional development through the expansion of our business and diligent tax contributions. Our quality services have transformed our clients' businesses, enabling them to create value-adding impacts not only for sustainability but also in support of overarching national programs, targets, and global developmental goals. ​

What we’ve done to drive progress

Our commitment to our communities revolves around facilitating access to education for underprivileged students, addressing societal needs such as disaster relief, and collaborating with other institutions to tackle persistent societal and environmental challenges, including issues related to energy accessibility and environmental pollution.​

3,179 total volunteering hours dedicated to giving back through the launch of the Make a Difference Project volunteerism campaign that encouraged employees to volunteer their time to different initiatives. ​


Juan Build Program


EcoBrick Making


Solar Lamp Making


Coastal Clean-up


Break the Cycle: Ride with Pride


Kalyeskwela



We have expanded our team across all service lines to better support our clients address the growing demand for professional services:

▲ by 17%
Audit and Assurance Team
▲ by 10%
Tax Team
▲ by 21%
Advisory Team
▲ by 24%
Cebu Practice​

The increase in manpower in our Cebu Practice has allowed us to better cater to the needs of our clients in the Visayas and Mindanao regions.


Expanded our ESG Team

Under the Risk Consulting Services where the ESG solutions has been increasingly in demand for clients in various sectors. ​

  •   Materiality Assessments
  •   ESG Transformation and Strategy​
  •   Sustainability Reporting​
  •   ESG Audit and Assurance​

Tax


In the contemporary business environment, optimizing tax strategies involves a delicate balance between minimizing tax costs and navigating regulatory challenges. Our Tax practice is dedicated to delivering value to clients through a range of services, including Tax Corporate Compliance, Tax Advisory Services, Tax Advocacy Services, Global Mobility Services, Transfer Pricing Services, Customs, Trade and Excise Advisory, and Company Administration.


Advisory

Our Advisory professionals bring a multi-disciplinary approach to business innovation. By seamlessly integrating Management Consulting, Risk Consulting, Technology Consulting and Deal Advisory, we offer comprehensive solutions that empower organizations to not only respond effectively to challenges but also navigate complex business risks, seizing investment opportunities, or optimizing operational processes.​

Community Engagement

Uplift our communities through the KPMG R.G. Manabat Foundation which aims to improve communities through education, scholarship and community development programs ​

We can only achieve our ambitions as a firm with the support of our communities. The KPMG R.G. Manabat Foundation and the partners, principals and employees of the firm continue its mission of providing support to communities, giving back and showing gratitude all while driving positive change. We encourage our people to embody our corporate value For Better: We do what matters and work together to make a meaningful difference in our communities and create a lasting impact.




Non-Government and Non-Profit Organizations Partnerships​​

We partnered with various organizations to support their advocacies through volunteerism and participation in their community activities:​

Asia Society for Social Improvement and​ Sustainable Development (ASSIST)​
ASSIST seeks to promote sustainable practices to address social problems in the developing world, especially in Asia and Africa. They involve themselves in a process-oriented approach to capacity building towards social improvement and sustainable transformation.
Reef Check Conservation​
A non-profit organization which seeks to promote the conservation of coral reefs through reef monitoring and education.
Childhope Philippines Foundation Inc.​
A non-government organization or NGO for children in the Philippines that seeks to promote the welfare, uphold, and protect children's rights, particularly children in street situations.
Liter of Light​
A global, grassroots movement committed to providing affordable, sustainable solar light to people with limited or no access to electricity.
Habitat for Humanity Philippines​
An organization that aims to lift low-income Filipino families out of overcrowded, unhealthy living conditions or displacement in urban areas by providing them with decent shelter in healthy communities. They partner with low-income informal settler families to build safe, affordable homes through its regular housing programs.
Sustainable Energy and Enterprise​ Development for Communities (SEED4Com)​
SEED4Com is a non-stock non-profit that provides help in improving human conditions and empowering poverty-stricken areas, rural and last-mile communities in the Philippines.​

What we’ve done to drive progress

Through the KPMG R.G. Manabat Foundation Inc, we have made significant community investments to address social issues such as access to education, disaster response and humanitarian advocacies. ​​

We champion education by offering financial support and educational opportunities. Our aim is to empower young people, enabling them to pursue higher education, broaden their knowledge, and cultivate essential skills.

In 2023, we provided scholarships for university students in the Philippines. We will be continuing our scholarship program to generously provide more scholarships and help bridge the gap of access to education in the Philippines. ​

Organizations benefiting from donations made by the KPMG R.G. Manabat Foundation Inc:

AJ KALINGA Foundation Inc.​

Support the mission of the AJKF Inc. to serve as a beacon of hope for Metro Manila’s homeless and poorest of the poor. We have partnered with the foundation as it envisions a society where nobody is left behind and the dignity of all people is upheld, secured, respected and celebrated, which aligns with our commitment to improving the quality of lives of our fellow Filipinos.​

International Federation of Red Cross and Red Crescent Societies (IFRC)​

Help provide the vulnerable groups in the Turkiye and Syria Conflict the resources they to need to survive, restore their healthy state of life, and save lives in times of this crisis. ​ ​