Heading into its 27th year, the Search for Outstanding Accountancy Students in the Philippines (SOASP) continues its legacy of empowering the next generation of accountants.
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27th Search for Outstanding Accountancy Students in the Philippines
Bolder, more inclusive 27th SOASP
Let's Talk Tax
BIR stop audit lifted: what taxpayers should expect in 2026
On 27 January 2026, The Bureau of Internal Revenue (BIR) officially announced the lifting of its stop-audit order, signalling the resumption of full audit and enforcement activities with the issuance of Revenue Memorandum Order No. 001-2026.
Tax Notes
RMC No. 5-2026: BIR introduces Online LOA Verification after audit suspension reform
The Bureau of Internal Revenue (BIR) suspended audit operations on 24 November 2025 through Revenue Memorandum Circular (RMC) No. 107-2025, to recalibrate its audit processes, strengthen internal controls, and address longstanding issues such as fake letters of authority (LOAs), unauthorised audits, and inconsistent audit practices. The suspension created the opportunity for the BIR to rebuild its audit framework and restore taxpayer confidence. After the internal reforms were completed, the BIR lifted the audit suspension through RMC No. 82026, allowing audit activities to resume under stricter safeguards and enhanced verification protocols.
From Where We Sit
The Audit Advantage: Purpose, Growth, and a Future Forward
From my early days as an audit junior all the way to becoming an audit partner, the moments I treasure most are when I see how our work gives organisations clarity, strengthens their decisions, or helps them operate with integrity. Whether mundane or dramatic, every time I see that our work makes a tangible impact, that’s when I feel that what I do is truly meaningful. And yet, despite the importance and purpose behind external audit, our work is still too often reduced to stereotypes of routine, pressure, and long hours.
Let's Talk Tax
Revisiting the TTRA/RFC rules in the Digital Era
Earlier this year, the Bureau of Internal Revenue (BIR) launched D.A.R.E.S., its five-point reform and legacy agenda. DARES stands for Digital and Data Transformation, Audit Reform and Accountability, Revenue Collection and Base Protection, Employee Empowerment and Welfare Promotion and Service Excellence and Stakeholder Engagement.