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SGV signed a Memorandum of Agreement (MOA) with the Surigao Del Norte Provincial Government to produce the Doing Business in Surigao del Norte publication. The MOA was signed on 8 August 2023 by SGV Country Managing Partner Wilson P. Tan and Provincial Governor Robert Lyndon S. Barbers. SGV and Surigao Del Norte MOA signing  District II Congressman Robert Ace S. Barbers, Surigao City Mayor Pablo Yves L. Dumlao II, and SGV Strategy and Transactions Partner and Government and Public Sector Leader Marie Stephanie Tan-Hamed signed the MOA as witnesses.  SGV Partners and Surigao Del Norte public officials during the MOA signing Wilson delivered the welcome remarks, while Governor Robert, Mayor Pablo and District II Congressman Robert gave short messages. Vice Chair and Deputy Managing Partner Maria Vivian C. Ruiz, EY Asean Consulting Quality Leader Joseph Ian M. Canlas, Financial Services Organization (FSO) Leader Christian G. Lauron, and Global Compliance & Reporting (GCR) Partner Saha A. Bulagsak were also present during the MOA signing. The Doing Business in Surigao Del Norte publication is part of SGV’s Doing Business in the Philippines series. The publication aims to provide comprehensive information about the business climate, investment opportunities, and regulatory framework in Surigao Del Norte. It will serve as a valuable resource for local and foreign investors looking to explore the province's potential for economic growth. 

SGV, represented by Chairman and Country Managing Partner Wilson P. Tan and Consulting Partner and iTeach Program Director Allan W. Ocho, and PHINMA Education Holdings, Inc., represented by Country Head Christopher Tan, signed a Memorandum of Understanding (MOU) on 8 August 2023 for PHINMA schools to participate in the SGV iTeach Program. Signing the MOU are (from left to right) SGV Vice Chair and Deputy Managing Partner Vivian C. Ruiz, Consulting Partner and iTeach Program Director Allan W. Ocho, SGV Chairman and Country Managing Partner Wilson P. Tan, PHINMA Education Country Head Christopher Tan, and PHINMA Araullo University College of Management and Accountancy Dean Emerita Modesto. The SGV iTeach Program aligns with the Firm's commitment to continue its late founder Mr. Washington SyCip's advocacy for lifelong learning. The advocacy program aims to enable educators by updating them on the latest accountancy and technology trends and helping them bridge the gap between theoretical principles and actual practice. This includes collaborations with schools and professional organizations to facilitate training and workshops, provide inputs to the schools' programs, curricula and syllabi, develop case studies, and provide guest lecturers. Present in the photo are (from left to right) SGV Senior Director Elvin Mercader, SGV Assurance Leader Martin C. Guantes, Consulting Partner and iTeach Program Director Allan W. Ocho, SGV Vice Chair and Deputy Managing Partner Vivian C. Ruiz, SGV Chairman and Country Managing Partner Wilson P. Tan (WPT), PHINMA Education Country Head Christopher Tan, PHINMA Araullo University College of Management and Accountancy Dean Emerita Modesto, PHINMA Education Country Chief Learning Officer Glenn Laigo, PHINMA Araullo University Dean Marvin Salviejo, SGV Assurance Partner Belinda T. Beng Hui, and SGV Business Consulting Senior Jervie Sta. Ana. In addition to providing training and workshops, SGV also explores the possibility of an online community where educators can come together to share best practices. To date, the SGV iTeach Program has been able to reach out to and build awareness with around 7,000 teachers, students, and other professionals across the country.  The MOU signing took place at the SGV Museum at Shang Grand Tower, Makati City. Dean Emerita Modesto of the College of Management and Accountancy of PHINMA Araullo University and SGV Vice Chair and Deputy Managing Partner Vivian Ruiz acted as witnesses. Also in attendance were SGV Assurance Leader Martin Guantes, SGV Assurance Partner Belinda T. Beng Hui, SGV Senior Director Elvin Mercader, SGV Business Consulting Senior Jervie Sta. Ana, PHINMA Education Country Chief Learning Officer Glenn Laigo, and Dean Marvin Salviejo of PHINMA Araullo University.

SGVeans participated in the 2023 Philippine Institute of Certified Public Accountants Metro Manila Region (PICPA MMR) Annual Planning Conference (APC) held at the Baguio Country Club in Baguio City. CPAs representing the Metro Manila region, geographical area office (GAO), and chapters gathered to plan for fiscal year 2023-2024. SGV was one of the gold sponsors of the event. SGV Current and Alumni Partners at the Induction and Turnover Ceremonies PICPA MMR Council Chairman and Global Compliance and Reporting (GCR) Leader Sonia D. Segovia along with former PICPA National President Marydith C. Miguel and other SGV Partners Henry M. Tan, John T. Villa, Peter John R. Ventura, Meynard A. Bonoen, Shane D. Tanguin, Aileen L. Saringan, Emelita L. Villanueva, Maricris U. See, Hentje Leo L. Leaño, Francis J. Ricamora, Michael A. Madlangbayan, and Don Don T. Mojica attended the two-day conference. They were also joined by Alumni Partners Gerard B. Sanvictores and Leonardo J. Matignas. Meynard and Sonia with other SGV attendees  Tax Senior Director Meynard L. Sardalla led the APC Committee as its Chairman. Other SGV attendees were Tax Senior Director Marivic M. Rebulanan, Tax Associate Directors Arviey L. Agra and Mica Alyana C. Rivera, Assurance Director Leo Nino F. Punzalan, Assurance Associate Directors Strawberry F. Eduarte and Michelle Joy P. Lopez, Tax Senior Associates Leanne Aila T. Monserate and Daryll A. Calatong, and Tax Associates Rob Miguel C. Manapsal, Dan Ryan A. Tabifranca, and Rachelle Viola L. Romualdo. Induction of PICPA MMR Council officers FY23 The 2023 PICPA MMR APC delegates participated in numerous technical sessions and planning events. The session focused on collaboration and teaming, integrative leadership, reinforcing integrity and professionalism, the importance of discipline, and understanding the roles of the officers with respect to the organization and its members.

SGV held a Legacy Night event to honor its alumni Partners and the 45 SGV CPAs who were among the Top 100 CPAs named and presented with the Centenary Award of Excellence by the Professional Regulation Commission’s Board of Accountancy (PRC BOA). The event, held at the Conrad Manila on 30 June 2023, highlighted the Firm and its people’s rich legacy of excellence, integrity, and stewardship. More than 100 current and alumni SGV Partners attended the event. Current and Alumni SGV Partners Chairman and Country Managing Partner Wilson P. Tan (WPT) welcomed the attendees and talked about the current state of the Firm. He also congratulated and welcomed the new Partners and Principals. Additionally, he talked about the Firm’s recent achievements with a message centered on the theme, "Stewardship. Grit. Vibrance.” SGV Chairman and Country Managing Partner Wilson P. Tan delivers his welcome remarks Former SGV Chairman and Managing Partner (1999-2004) Cesar V. Purisima (CVP) Former SGV Chairman and Managing Partner (2010-2017) Cirilo “Vic” P. Noel (CPN) Former SGV Chairman and Managing Partner (2017-2020) J. Carlitos “Itos” G. Cruz (JGC)  Former SGV Chairmen and Managing Partners and recipients of the Centenary Award of Excellence Cesar V. Purisima (CVP), Cirilo “Vic” P. Noel (CPN) and J. Carlitos “Itos” G. Cruz (JGC) shared words of wisdom and how they felt about being part of SGV’s living legacy. SGV Alumni during Legacy Night The SGV Dance Club and SGV Glee also performed at the event. SGV Assurance Leader Martin C. Guantes (MCG) concluded the program with his closing remarks and thanked all the SGV alumni Partners for attending the event.

SGV Climate Change and Sustainability Services (CCaSS) Senior Director Crystal Aleli R. Cornell and Associate Director Carla J. Capistrano were speakers at the Philippine Institute of Certified Public Accountants (PICPA) Western Metro Manila Chapter (WMMC) webinar on Circular Economy and Extended Producer Responsibility held online via Zoom on 20 June 2023.  Crystal and Carla’s Certificates of Appreciation Carla discussed how a circular economy provides an alternative to the current model of linear consumption and shared available solutions being practiced locally and globally. She also gave an overview of Republic Act No. 11898 or the Extended Producer Responsibility (EPR) Act of 2022 which focuses on plastic packaging. Crystal talked about the audit of EPR reporting, specifically referring to the audit requirements of the EPR Act of 2022 and relevant plastic disclosures for assurance. She pointed out that the newly introduced legislation can help facilitate the reduction of single-use plastics by large companies, allowing for a circular economy on a larger scale.

SGV Cebu Partner-in-Charge Margem A. Tagalog (MAT) and SGV Cebu Partner Cheryl Edeline C. Ong (CCO) were inducted as members of the Management Association of the Philippines (MAP) during the MAP General Membership Meeting at the Seda Hotel, Ayala in Cebu. Margem (top center) and Cheryl (bottom center) during the oathtaking Dr. Cielito F. Habito provided a short economic briefing before the induction proper. Cebu City Mayor Mike Rama briefly explained the city’s aspiration to be like Singapore during his welcome remarks. He was also inducted into the association’s membership. The MAP is a non-profit organization composed of educators, government officials, and top management practitioners from the largest local and multinational companies operating in the Philippines. They advocate good governance, global competitiveness, climate change awareness, and sustainable growth.

Members of the SGV Consulting team conducted an Information and Communication Technology (ICT) Immersion at Rizal High School on 26 June 2023 with over 300 attendees composed of Grade 11 and Grade 12 ICT students. The immersion activity was part of the EY STEM Girls program which was also launched in the school earlier this year.  SGV Consulting Seniors Dan and Tricia Tricia and Dan discuss ICT topics Technology Consulting Senior Danielle “Dan” R. Bote and Business Consulting Senior Patricia Angeline “Tricia” Vilaga discussed various topics on ICT and IT Audit. Dan talked about college courses and career opportunities for ICT graduates, an overview of the System Development Life Cycle (SDLC), career opportunities in SDLC, software development, and tips for ICT students, while Tricia gave an overview of IT Audit and discussed its Importance, the role of IT auditors in internal and external audits as well as SDLC, and career opportunities in IT Audit. Rizal High School students during the ICT Immersion Dan and Tricia also facilitated other activities such as ice breakers and knowledge check games in between discussions for the students. The EY STEM Girls program was launched by EY Ripples and Women in Technology (WiT). It aims to recognize, uplift, and empower the next generation of girls in STEM and help break gender bias. The program also introduced the EY STEM app, a gamified mobile platform where girls aged 13 to 18 can engage in digital and real-life activities, such as educational games and activities with high-quality STEM (Science, Technology, Engineering and Math) content to foster an interest in STEM in a way that is exciting and fun as well as explore STEM-related careers.

SGV Climate Change and Sustainability Services (CCaSS) Partner Benjamin N. Villacorte (BNV) participated in the ASEAN Capital Markets Forum (ACMF) and International Sustainability Standards Board (ISSB) Joint Conference and Technical Training on the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards in Singapore from 27 to 28 June 2023. The event marked the launch of the ISSB’s two inaugural IFRS Sustainability Disclosure Standards. SGV CCaSS Partner Benjamin N. Villacorte (left) with ISSB Vice-Chair Jingdong Hua (second from left) and other representatives from the Philippine delegation On Day 1, ACMF Chair Inarno Djajadi of the Indonesia Otoritas Jasa Keuangan shared his remarks. This was followed by detailed presentations on key aspects of the newly launched standards as well as panel discussions on perspectives relating to sustainability disclosures and the IFRS Sustainability Disclosure Standards with ISSB Vice-Chair Jingdong Hua as one of the speakers.  Technical training sessions for regulators and corporate preparers were conducted on Day 2. The sessions were a deeper dive into the technical aspects of the ISSB standards and their practical implications. More than 1,000 ASEAN regulators, investors, corporate preparers, and other stakeholders participated in the event, of which over 200 attended in-person. Thirty out of the 200 in-person attendants were from the Philippine delegation, which included corporate preparers from various private companies and representatives from local regulators such as the Securities and Exchange Commission (SEC), the Bangko Sentral ng Pilipinas (BSP), and the Insurance Commission.

SGV Partners and Managers joined the Accountancy Week Celebration (AWC) 2023 from 16 to 23 July 2023. Over 1000 CPAs, leaders, and other accounting professionals attended the event. SGV Partners and Managers at the AWC 2023 SGV Chairman and Country Managing Partner Wilson P. Tan with the other Big 4 CMP panelists and moderator during the panel discussion SGV Chairman and Country Managing Partner Wilson P. Tan and the other Big 4 CMP panelists and moderator receive plaques of appreciation from the AWC organizers SGV Chairman and Country Managing Partner Wilson P. Tan (WPT) was a resource speaker on the topic “CEOs Most Important Business Challenges in 2023” during the Association of CPAs in Commerce and Industry (ACPACI) Day on 19 July. Wilson, along with the other Big 4 Country Managing Partners, joined the panel discussion conducted as part of the fifth ACPACI Technical Session. Other panelists were PwC Philippines Chairman and Senior Partner Roderick M. Danao, P&A Grant Thornton Chairman and Managing Partner Romualdo V. Murcia III, and Deloitte Philippines Managing Partner and CEO Atty. Fredieric B. Landicho. KPMG Head of Deal Advisory Michael Arcatomy H. Guarin moderated the discussion. SGV Chairman and Country Managing Partner Wilson P. Tan (second from right) with other AWC 2023 attendees PICPA MMR Council Chairman and Global Compliance & Reporting (GCR) Leader Sonia D. Segovia (SDS) delivered the welcome remarks for the AWC opening ceremonies on 17 July, while for the second technical session, SGV Strategy and Transactions (SaT) Senior Manager Lester Jeff D. Pawid talked about the “Philippine Economic Update: End of Pandemic, Road to an Inclusive Recovery.”  PICPA Southern Metro Manila Chapter (SMMC) President Aileen L. Saringan (ALS) and PICPA Western Metro Manila Chapter (WMMC) President Peter John R. Ventura (PRV) introduced the guest speakers and PICPA MMR Professional Development Co-Chair Meynard L. Sardalla was the Master of Ceremonies for PICPA MMR Day. Wilson and SGV Vice Chair and Deputy Managing Partner Maria Vivian C. Ruiz (VCR) also participated in the Spotlight on Public Practice sessions on the third day while Former PICPA President Marydith C. Miguel (MCM) participated in the Annual Business Meeting on the sixth day. Sonia, Aileen, and Peter joined the organization’s annual tree planting activity, PICPA Tanim, on the last day of the AWC. SGV Partners Aileen L. Saringan (second from left), Sonia D. Segovia (third from left), and Peter R. Ventura (right) during the PICPA Tanim tree planting activity at the La Mesa Nature Reserve Other SGV Partners were also present throughout the various technical sessions and activities during the AWC such as the Thanksgiving Mass, Sports Fest, Spotlight on the four accounting profession sectors, Regulator's Forum, Annual Business Meeting, PICPA Tanim, Closing Ceremonies, and the Grand Fellowship Ball at Okada Manila. The event was organized by the Philippine Institute of Certified Public Accountants (PICPA) together with the ACPACI, the National Association of CPAs in Education (NACPAE), the Government Association of CPAs (GACPA), the Association of CPAs in Public Practice (ACPAPP), PICPA MMR, and the National Committee on Cooperative Development.

Climate Change and Sustainability Services (CCaSS) Directors Diana Sadili-Chu and Ricky Maulion Jr. served as speakers at the 21st Annual Business Leadership Program (BLP) organized by The American Chamber of Commerce of the Philippines, Inc. (AmCham) on 2 June 2023. Thirty students from different regions in the country, representing a variety of courses and academic disciplines, attended the intensive immersion program which allowed them to interact with leading businesses and top executives in the Philippines. Diana talks about sustainability (Photo courtesy of AmCham) Diana opened the session by introducing SGV CCaSS to the participants and discussing the relevance of sustainability in today’s world. She highlighted the benefits of sustainability reporting, its drivers and the reporting process, and the key topics that may be found in a company’s sustainability reports. Diana also briefly touched on the significance of assurance in sustainability reporting and how it supports the integrity and credibility of sustainability reports. Ricky interacts with some of the participants (Photo courtesy of AmCham) Ricky discussed the future of sustainability reporting and how local regulations are impacted by global developments in the reporting landscape. He shared the building block approach of the International Sustainability Standards Board and an overview of the content requirements of the upcoming International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. To engage the participants, he facilitated an interactive session which emphasized key lifestyle advice and recommendations for everyone to create a positive impact on sustainable development. Diana and Ricky concluded the session by addressing questions from the participants.  AmCham BLP 2023 speakers, organizers, and participants (Photo courtesy of AmCham)  Through the AmCham BLP program, the students were able to gain a better understanding of how businesses contribute to national development as well as a broader perspective on important global business and economic challenges that would be useful to them in the future.