Accountancy service requirements of micro, small, and medium enterprises in the Philippines  

Oleh:

Rufo R. Mendoza, PhD ; Management, Asian Institute of ; Makati City, Philippines

Jenis: Article from Proceeding
Dalam koleksi: SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok, page 1-18.
Topik: accountancy service; MSMEs; service outsourcing; business profile
Fulltext: b14-079.pdf (171.14KB)

Isi artikel

This study surveyed micro, small, and medium enterprises (MSMEs) to determine the type of accountancy services they require from individual CPAs or firms of CPAs who are engaged in public accountancy practice. The service requirements were deduced fromthe type of services the respondent SMEs currently outsource to these practising CPAs. The study found out that the service required by most respondents is taxation service and the least is internal audit. MSMEs also require consulting, accounting, and independent audit. Certain business profiles of the MSMEs like asset size, nature of business, form of business organization, and employment size were found related in varying degrees to the services that they require. Micro and small enterprises differ to a certain extent from the medium enterprises as they require fewer and simpler services. The practical implication of the findings of the study from the point of view of the practising CPAs is that micro and small enterprises represent a relatively small market. On the other hand, it can be inferred that these enterprises signify market challenges for the practising CPAs. Thus, this calls for appropriate strategic move on the part of the practising CPAs in terms of service development and marketing.

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