Aureada CPA Law Firm

Aureada CPA Law Firm Makati | Lucena

For financial institutions, small control gaps can become major problems.Weak borrower verification may lead to defaults...
04/06/2026

For financial institutions, small control gaps can become major problems.

Weak borrower verification may lead to defaults. Poor AML monitoring may trigger regulatory concerns. Inaccurate reports may result in penalties. Poor access controls may expose customer data. Unfair collection practices may lead to complaints.

A risk-based audit helps financial companies identify these issues early.

It prioritizes the areas where the impact is highest and helps management take corrective action before problems grow.

Compliance is stronger when audit follows risk.

Read the full guide here:https://www.aureadalaw.com/post/risk-based-audit-for-financial-companies-explained-a-practical-guide-for-philippine-financial-insti

If your business is a regulated financial institution, audit should be part of your compliance strategy.Internal audit h...
03/06/2026

If your business is a regulated financial institution, audit should be part of your compliance strategy.

Internal audit helps review controls, operations, risk areas, AML compliance, data protection, cash handling, loan processing, collections, and regulatory reporting.

External audit provides an independent review of financial statements and supports credibility with regulators, investors, banks, and business partners.

The key lesson: internal audit and external audit are different, but they work together.

One strengthens internal control. The other strengthens financial reporting confidence.

Read the full guide here:https://www.aureadalaw.com/post/internal-vs-external-audit-for-financial-institutions-in-the-philippines-key-differences-complianc

Before responding to a BIR audit, ask one important question:Is there a valid Letter of Authority?The Supreme Court has ...
03/06/2026

Before responding to a BIR audit, ask one important question:

Is there a valid Letter of Authority?

The Supreme Court has emphasized that a BIR audit must be supported by proper authority. The LOA identifies the taxpayer, taxable period, and revenue officers authorized to examine the books and records.

If the audit is conducted by officers not named or properly authorized in the LOA, the taxpayer may raise a due process objection.

This is why businesses should not treat LOA review as a minor step. It can affect the validity of the entire assessment.

Read the full guide here:https://www.aureadalaw.com/post/when-is-a-bir-loa-invalid-supreme-court-doctrines-on-void-tax-audits-in-the-philippines

A supplier agreement is more than a purchase order.It can determine whether your business receives the right goods, at t...
03/06/2026

A supplier agreement is more than a purchase order.

It can determine whether your business receives the right goods, at the right time, at the right price, and with the right remedies if something goes wrong.

Before signing, check the product specifications, payment schedule, delivery deadlines, inspection period, warranty coverage, price adjustment rules, tax documentation, and liability provisions.

Do not wait for late deliveries or defective goods before reviewing the contract.

A strong supplier agreement helps protect your operations and customer commitments.

Read the full guide here:https://www.aureadalaw.com/post/what-businesses-should-know-before-signing-supplier-agreements

A BIR tax audit does not automatically mean you owe deficiency taxes.It means the BIR is reviewing your records to check...
02/06/2026

A BIR tax audit does not automatically mean you owe deficiency taxes.

It means the BIR is reviewing your records to check whether the correct taxes were declared and paid.

But because an audit can lead to assessments, taxpayers must handle it carefully from the start.

Review the LOA. Organize documents. Reconcile tax returns with books. Respond to notices on time. Check the factual and legal basis of any assessment.

In tax audits, preparation can make a major difference.

Read the full guide here:https://www.aureadalaw.com/post/bir-tax-audit-process-in-the-philippines-step-by-step-legal-breakdown-of-what-happens

Do not wait until after confidential information has been shared.An NDA should ideally be signed before discussing sensi...
02/06/2026

Do not wait until after confidential information has been shared.

An NDA should ideally be signed before discussing sensitive details with investors, consultants, employees, freelancers, suppliers, developers, or potential partners.

This is especially important when sharing business plans, financial data, client lists, product concepts, software ideas, trade secrets, or internal processes.

For startups and SMEs, early protection can prevent bigger problems later.

Before you disclose, document the rules.

Read the full guide here:https://www.aureadalaw.com/post/nda-explained-for-businesses-in-the-philippines-a-practical-guide-for-startups-and-smes

A contract should be clear, lawful, and properly agreed upon by the parties.In the Philippines, an enforceable contract ...
02/06/2026

A contract should be clear, lawful, and properly agreed upon by the parties.

In the Philippines, an enforceable contract generally requires consent, a definite subject matter, and a valid cause or consideration. But for business use, that is only the starting point.

A well-drafted contract should also include payment terms, deadlines, warranties, confidentiality, intellectual property ownership, termination, liability limitation, and dispute resolution.

A vague agreement may still create obligations, but it can be harder to enforce and easier to dispute.

For businesses, clarity is protection.

Read the full guide here:https://www.aureadalaw.com/post/how-to-draft-an-enforceable-contract-in-the-philippines

Starting a business with friends or co-founders?Trust is important, but it should not replace a written founder agreemen...
02/06/2026

Starting a business with friends or co-founders?

Trust is important, but it should not replace a written founder agreement.

A founder agreement helps clarify ownership, roles, contributions, decision-making, equity, exit rights, intellectual property, and dispute resolution.

Without one, founders may later disagree over who owns what, who controls the business, what happens if someone leaves, or who owns the product, brand, or technology.

For startups, a founder agreement is not a sign of distrust. It is a sign of proper planning.

Read the full guide here:https://www.aureadalaw.com/post/common-legal-mistakes-startups-make-in-the-philippines-founder-agreements-verbal-contracts-and-wr

For Non-Bank Financial Institutions, compliance is not something to fix later.It should be part of the business plan fro...
02/06/2026

For Non-Bank Financial Institutions, compliance is not something to fix later.

It should be part of the business plan from the beginning.

Before serving customers, an NBFI should confirm its correct regulatory classification, secure the proper license or authority, meet capitalization requirements, register with AMLC when required, prepare customer documents, protect personal data, file reports on time, and comply with tax rules.

This is especially important for financial businesses because one compliance gap can affect licensing, operations, customer trust, banking relationships, and investor confidence.

A strong compliance foundation supports sustainable growth.

Read the full guide here:https://www.aureadalaw.com/post/regulatory-requirements-for-non-bank-financial-institutions-in-the-philippines-compliance-guide-for

Can a single letter be protected as a trademark?The Supreme Court clarified that no business can generally claim ownersh...
01/06/2026

Can a single letter be protected as a trademark?

The Supreme Court clarified that no business can generally claim ownership over a plain letter of the alphabet. However, a distinctive stylized version of a letter may be protected if it identifies a brand and creates a strong visual impression.

In Starwood v. Oceanic, the Court protected the stylized “W” because Oceanic’s marks used a visually similar dominant feature for related high-end property and hospitality services.

For businesses using minimalist logos, monograms, initials, or single-letter branding, this ruling is a strong reminder: simple logos still need serious trademark clearance.

Read the full guide here:https://www.aureadalaw.com/post/sc-rejects-similar-w-trademarks-dominancy-test-brand-confusion-and-trademark-protection-in-sta

Address

Cityland 10, Tower 1, 156 H. V. Dela Costa Street, Corner Ayala Avenue, Salcedo Village
Makati
1227

Telephone

+639535199111

Website

Alerts

Be the first to know and let us send you an email when Aureada CPA Law Firm posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Practice

Send a message to Aureada CPA Law Firm:

Shortcuts

Share

Category