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The world — especially that of businesses’ — runs and thrives on numbers, and not just any numbers at that. To ensure success in a competitive business world, the numbers in question have to be accurate and compliant. That’s what financial auditing is for.
Given the importance of financial auditing as a core business function, businesses worldwide have been constantly looking for ways to both meet compliance requirements and use it as a competitive advantage in the market. So, for US companies, especially those expanding to conquer global markets and managing complex overseas operations, outsourcing financial auditing has become one of the rising options in the past couple of years.
To shed more light on the popularity of this option (and help you assess whether this is a match for your business), we’ll cover the basics of outsourcing financial auditing and list the top 10 Philippine financial auditing agencies that you can choose from.
Ready? Let’s get started.
What is financial auditing?
Before we cover all the specifics, let us first work on an operating definition of the terminologies, starting off with financial auditing itself.
In essence, this involves a systematic review of your business’ financial statements, records, and transactions to ensure that they are compliant with the relevant standards. The primary purpose of financial audits is to provide stakeholders including, but not limited to investors, regulators, and executives, with assurance that the financial information presented to them truly reflects the financial health of the business.
In practice, financial audits involve the following:
- Verifying transactions recorded in your books against supporting documents such as receipts, invoices, and contracts.
- Checking compliance with accounting principles such as the US Generally Accepted Accounting Standards (GAAS) as well as International Financial Reporting Standards (IFRS).
- Issuing independent audit reports which state whether or not the business’ audited financial statement was fairly presented.
Financial audits can either be done internally or externally.
- Internal audits are performed either by in-house or outsourced auditors to evaluate compliance, risk management, and efficiency of internal processes.
- External audits, on the other hand, could either be governmental audits or those conducted by independent audit firms to provide objective assurance to key stakeholders.
Seeing how crucial audits are to secure the financial health and credibility of each business, most US businesses turn to offshore outsourcing partners in the Philippines to find in-house and independent auditors from financial auditing agencies to review their financial statements.
Why US companies outsource financial auditing to the Philippines
The Philippines has emerged as one of the top destinations for financial auditing and accounting outsourcing over the past couple of years, and for good reason. With a pool of certified auditors and public accountants, English proficiency, cost efficiency, and alignment with US accounting standards, the country is now home to global firms and niche providers that cater to American businesses.
Before diving into the list, let’s understand why the Philippines is such a strong player in the field of financial audit outsourcing; here are the key reasons why Philippine financial auditing agencies are preferred by US companies:
1. Significant Cost Savings
Given the fact that audits are a non-negotiable aspect of business operations, it’s no surprise that businesses are looking for more cost-effective options that meet global accounting and auditing standards.
That said, it’s always worth considering that the cost of hiring a certified public accountant (CPA) or auditor in the US is significantly higher than in the Philippines. For example, a US auditor, depending on their experience level, may cost around $70,000 to $120,000 annually, excluding benefits. In the Philippines, equally skilled auditors may cost up to 60% less, giving your business valuable savings, without sacrificing the quality of the audit.
2. Strong Accounting Talent
The Philippines produces thousands of accounting and finance graduates every year. Most of these professionals are certified under international standards, with deep familiarity with US GAAP and IFRS, ensuring compliance with US reporting requirements.
By working with auditors from the Philippines, you’ll be able to tap into a large pool of global talent who are well-versed in financial audits, assurance services, and even risk management.
3. English Proficiency & Cultural Compatibility
With one of the highest English proficiency levels in Asia, Filipino auditors can communicate seamlessly with US clients. While financial audits are mostly a game of numbers and meeting regulatory requirements, it’s also important to ensure that you are working with professionals who can effectively make sense of your financial information.
In addition to the language match, business processes and corporate culture are also strongly influenced by the West, reducing communication and cultural barriers.
4. Time Zone Advantage
Audits and compliance reports are typically time-sensitive and bound by deadlines. This is where getting an auditor from an offshore accounting firm becomes yet another advantage for your business.
Operating in a different time zone, Philippine auditing firms can provide round-the-clock support. This means US companies can receive updated reports, findings, or progress overnight — effectively speeding up the audit process.
5. Scalable & Flexible Solutions
Depending on the business needs, the governmental auditing standards, and the request of stakeholders, financial auditing functions usually vary from time to time.
Outsourcing allows US businesses to scale their auditing functions based on need. Whether single audit services, project-based reviews, or full-scale compliance audits, Philippine providers offer flexibility that in-house teams cannot.
There are far more benefits to outsourced financial audits that we can list here, but these are just some of the key reasons why the top 10 financial auditing agencies that we will list below are preferred by US companies (be it agile startups preparing compliance requirements or multi-national corporations organizing audits to maintain their business’ credibility.
10 Philippine financial auditing agencies you can partner with
1. KDCI Outsourcing
KDCI Outsourcing is a trusted Philippine-based outsourcing company that provides superior finance and accounting services tailored for US businesses. From financial audits by professional audit associates, as well as bookkeeping, compliance support and audit assurance services, KDCI helps companies stay accurate and compliant without the overhead of building large in-house teams.
What sets KDCI apart is its client-first approach, combining global standards, flexible engagement models, and deep expertise in US regulatory frameworks. For firms looking for a partner that blends quality, cost-effectivity, and cultural alignment, KDCI stands out as the go-to choice when it comes to audits and other financial services.
2. PwC Philippines (Isla Lipana & Co.)
PwC is one of the world’s largest professional services networks, and its Philippine branch serves both local and international clients, offering Virtual CFO and Virtual Internal Audit solutions. With a reputation for rigorous auditing practices and adherence to global compliance standards, PwC is a reliable option for multinationals that need complex, high-level auditing and assurance services. Their global reach makes them a strong choice for businesses with operations spanning multiple countries.
3. SyCip Gorres Velayo & Co. (SGV & Co.)
As the largest professional services firm in the Philippines and a member of the Ernst & Young (EY) global network, SGV’s multidisciplinary teams offer comprehensive audit and assurance services. With decades of experience in the local market, SGV combines deep Philippine business insights with global auditing expertise, making it a favorite among both Fortune 500 firms and large local enterprises who need to protect the integrity of their company’s financial information.
4. KPMG Philippines (R.G. Manabat & Co.)
KPMG’s Philippine arm, R.G. Manabat & Co., provides auditing services backed by the firm’s global reputation for excellence. Known for its industry-focused audit solutions and assurance service, KPMG is well-suited for companies that operate in highly regulated sectors such as finance, healthcare, and energy. Their integrated technology tools, people-oriented values, and strong focus on instilling confidence in business decisions through efficient and compliant financial reviews help streamline auditing and risk management processes.
5. RSM Global - Philippines
Part of the global RSM network, RSM Philippines offers audit, tax, and consulting services with a focus on mid-market companies. With offices all over the world and a client-centric approach, RSM is preferred by businesses who need a more personalized approach to their tax and auditing needs. They are known for being responsive and providing practical, tailored advice that helps businesses meet compliance requirements while also improving operational efficiency.
6. P&A Grant Thornton
Grant Thornton’s Philippine member firm, P&A, has built a reputation for combining personalized service with international expertise. They provide a wide range of auditing and assurance solutions including audit and assurance, audit approach reviews, annual and short period audits, and review engagements. P&A’s strength lies in its ability to balance local regulatory knowledge with Grant Thornton’s international resources.
7. UNA Tax and Accounting Services
UNA is a homegrown accounting and auditing firm that caters to both domestic and international clients. They specialize in cost-effective auditing solutions that are flexible and scalable, making them ideal for businesses that need reliable audit and assurance services. Their expert skills and personalized approach help clients feel supported throughout the auditing process. The UNA promise: setting up internal controls to improve processes and boost efficiency.
8. SN Accounting and Consulting
SN Accounting and Consulting focuses is yet another trusted name in the accounting industry, with Certified Public Accountants who have dedicated expertise in accounting, tax, compliance, and audit services. SN Accounting and Consulting highlights a tailored approach to financial services, backed by over a decade of expertise in the field.
9. TOA Global
The Outsourced Accountant (TOA) Global is an outsourced accounting firm that gives you access to elite offshore auditors. With industry-recognized qualifications who are trained in both compliance requirements and finance software use, TOA offers a wide range of financial & advisory services, as well as solutions such as outsourced accounting, offshore bookkeepers, and executive assistants — all trained in US compliance standards.
10. Upcloud Accounting
Upcloud offers a modern take on outsourced financial auditing with a technology-driven approach. Their services often integrate cloud-based tools, allowing for streamlined collaboration, reporting, and transparency. Upcloud is a good fit for digitally savvy companies that want to leverage both auditing expertise and cloud technology.
Still not sure which auditing agency to choose?
With so many options available, choosing the right financial auditing partner comes down to aligning their services with your specific business needs.
To help out, here are a few key factors to guide your decision:
- Consider whether you need a partner that can handle multinational operations, or if your business requires a more specialized, streamlined approach.
- Larger firms often carry higher fees, while smaller or mid-sized partners may provide the same expertise at a more flexible cost. The best fit is one that balances quality with affordability.
- Modern auditing relies heavily on digital tools and cloud-based systems. Choose a firm that integrates seamlessly with your workflows and prioritizes efficiency.
At the end of the day, the right auditing partner should go beyond compliance alone. Since the stakes in financial auditing are high, what with stakeholder opinions and government auditing standards to think of, you want a partner that would help you gain confidence in your numbers, strengthen accountability, and support your long-term growth strategy.
At KDCI Outsourcing, our modern financial auditing services are tailored to your business’ unique needs.
Basically — we can tick all three key factors above.
While there are many firms offering financial auditing in the Philippines, KDCI Outsourcing combines global-quality service with the flexibility and cost efficiency that US companies need most. Our experienced audit associates are well-versed in international financial reporting standards and adapt to the size and scope of your operations, whether you’re a fast-growing startup or a well-established enterprise.
With KDCI, you gain a trusted partner who genuinely cares about empowering your team with the best people; one that values transparency, accuracy, and efficiency at every step.
If you’re ready to explore how offshore financial auditing can strengthen your business, contact KDCI Outsourcing today. Our team will guide you through your options and build a tailored solution that works best for you.
