Sycip Gorres Velayo & Co.

SyCip Gorres Velayo & Co. (branded as SGV & Co.) is the Philippines' largest multidisciplinary
professional services firm. As of 2014, the company has employed over 3,000 professionals from
various disciplines, including Certified Public Accountants, legal professionals, economists, human
resource professionals, engineers,statisticians, financial analysts, and other business and technical
experts.
Since 1996, it has been the only ISO 9002-certified professional services firm in the country,
becoming an affiliate of Ernst & Young International on June 6, 2002.

History[edit]
SyCip, Gorres, Velayo, and Company was founded by Filipino Chinese businessman Washington
SyCip in Manila, providing services to businesses recovering from the Second World War.[1] It was a
one-man operation, with SyCip as accountant, messenger, and janitor simultaneously. SyCip's
boyhood friend, Alfredo M. Velayo, and Vicente O. Jos, an accountant with copious experience in
tax work, were taken in as partners in 1947 to form SyCip, Velayo, Jose & Co.
In 1948, the firm embarked on its first overseas engagement by working out a merger with Henry
Hunter Bayne & Co. (HHB), which started its practice in the then-American controlled Philippine
Islands in 1906.
In 1953, Thomas Farnell, a senior partner of HHB, decided to return to the United States and sell his
practise to Filipino accountants Arsenio Reyes and Ramn J. Gorres. After a series of negotiations
between the two and SyCip, the firms merged to form SyCip, Gorres, Velayo & Co.
In 1958, SGV & Co. assumed the practise of British firm Fleming & Williamson, which was rated the
second-largest accounting firm in the Philippines, and expanded further by establishing offices
in Bacolod and Davao. Over the years, the firm have had correspondent relations with some of the
leading western firms, among themArthur Andersen & Co.; Ernst & Ernst; Haskins & Sells; and Ernst
& Young. It has provided institutional development projects in more than 30 countries with funding
assistance from international institutions such as the World Bank and the Asian Development Bank.
In 1985, SGV & Co. became a member firm of Arthur Andersen & Co., S.C., one of the largest
professional service organisations in the world. A year later, the firm opened its Manila Offshore
Systems Development Center, with assistance from Andersen Consulting, and has provided
computer software services to foreign clients through Andersen Consulting's global marketing

network and resources. SGV & Co. became a member practise of Ernst & Young on September 1,
2002.
The firm is currently headquartered in Makati, and has eight branches across the Philippines.[2][3]

Services[edit]
SGV & Co. offers a variety of services for its different clients:

External Audit

Compilation and Review Services

Accounting Consultations

International Accounting Standards Conversions and Advisory

Regulatory Compliance

Extended Audit Services

Accounting Advisory and Consultation Services on Deal Structuring

Due Diligence Work

Fraud and Investigative Dispute Services

SGV & Co. Salaries

Job Title

SGV & Co. Salary

Associate - Monthly

Php 17,253/mo

Audit Associate - Monthly

Php 17,683/mo

Senior Associate

Php 334,400

Associate Auditor - Monthly

Php 17,500/mo

SyCip Gorres Velayo & Co. (SGV & Co.)

Established in 1946 as W. SyCip & Co., the Firm changed its name twice: fi rst in 1947, to
SyCip Velayo Jose & Co., and again in 1953, to SyCip Gorres Velayo & Co. (SGV & Co.).
SGV & Co. is the Philippines' largest multidisciplinary professional services fi rm with
eight offi ces across the country. The Firm employs nearly 6,000 professionals from
various disciplines. We provide integrated solutions that draw on diverse and deep
competencies in assurance, tax, transaction and advisory services. We uphold the
highest standards of quality. In fact, the assurance service line of SGV & Co. has been
ISO 9001-certifi ed since 1996.
SGV & Co.'s track record has remained unmatched in the region. We have accumulated
invaluable resources in our 70 years of operations - highly qualifi ed and competent
staff , state-of-the-art facilities and an enviable international network. We envision not
only to give value-added services to our clients but, more importantly, to become a
partner in their and the region's development.
SGV & Co. became a member practice of Ernst & Young Global Global Limited on June 6,
2002. Ernst & Young (EY) is a global leader in assurance, tax, transaction and advisory
services. The insights and quality services we deliver help build trust and confi dence in
the capital markets and in economies the world over. We develop outstanding leaders
who team to deliver on our promises to all of our stakeholders. In so doing, we play a
critical role in building a better working world for our people, for our clients and for our
communities.

o
o
o

Our Values
People who demonstrate integrity, respect and teaming
People with energy, enthusiasm and the courage to lead
People who build relationships based on doing the right thing

FAQ
Our History
SGV audits:
48 of the top 100 corporations in the Philippines
411 of the top 1000 corporations in the Philippines
13 of the top 34 banks
39 of the top 55 holding companies
13 of the top 19 insurance companies
The top credit card company
The top 3 landline services providers
The top 3 mobile telecommunication services providers
The top 2 resort hotels
6 of the top 8 fast-food chains
28 of the top 37 real estate companies
19 of the top 35 manufacturers of semi-conductor devices and other electronic
components
*Sou rc e: 2015 Ed ition o f Bu sin es sW or ld To p 1000 Co rp ora ti on s in the Ph ilipp ine s

At present, the SGV team is composed of:

6,000 professional staff
190,000 people are united Worldwide by shared values and an unwavering
commitment to quality
Among professional services fi rms, we are ranked No. 1 in:
Audit services
Tax services
About 150 of the top CPA placers in the last six years joined SGV & Co.
About 200 of our partners and staff have postgraduate degrees, a number from
foreign universities, including:
University of Pennsylvania
Northwestern
Harvard
Columbia
NYU
Fordham
IMD
INSEAD
London Business School
About 406 of our staff have been seconded to foreign offi ces.
We are an ISO 9001 certifi ed company for Assurance services in the
Philippines since 1996.