There are 1 Companies in the Philippines
that provide Audit Services!

The Philippines is gaining traction in terms of providing outsourcing services not only for customer support but also for outsourcing tech services to different foreign businesses. What's promising about the Philippine IT industry is that it's still growing despite the economical and legislation challenges the country faces. 

According to salary explorer, the average salary in the web industry in the Philippines is estimated to be around 750 USD/mo, making the country one of the cheapest IT service providers in the region. Due to this factor, the Philippines is considered to be a good outsourcing opportunity for many international web agencies and IT companies. 

Why you should work with Philippines IT companies

Most of the Philippines’ web agencies and IT companies provide services for a significantly lower price than you can find in any other country in the region. Another reason why Philippines IT companies are attractive is the local talent pool. Based on a report of the Philippine Statistics Department, in 2019 there were more than 175K professionals working for 5300 IT companies in the country, which ensures a high productivity rate and helps small IT companies transform into medium and large competitors that ultimately reach global market. 

What to be aware of when working with Philippine IT companies

The good production rate of IT companies from the Philippines are balanced by sub developed business culture, and lack of global-level IT specialists in most of the companies. The contrast becomes higher with an underdeveloped IT education system in the country which makes the Philippines companies to lower the price rate below the ASEAN average. 

How reliable are Philippines IT companies

Considering the latest evolution of the IT sector in the country and the increasing number of foreign companies investing in the digital sector, Philippine companies have improved their reputation on the world level by implementing the minimum standards required by potential foreign clients according to Rappler. 

With all these, not many IT companies managed to exit the internal IT market and create a well-known name on a global level. This is why, Tech Behemoths recommends taking a closer look when selecting a potential partner for web, software, and mobile projects from the Philippines, but as well as from any other country. 

How Philippines IT industry relates to the neighboring countries

With a lot of competitors in the region, like China, Japan, Singapore, and Indonesia, the Philippines still need to progress to reach a quality competitive level in the region. On the other hand, cheap prices for web & IT products and services attract small and medium businesses to invest and cooperate with Philippine-based IT companies. 

Audit services are offered by companies that help check and review financial information and processes of other businesses. Think of them as financial detectives who make sure everything is accurate and follows the rules.

These companies help businesses by making sure their money matters are in order. They examine financial records, transactions, and systems to find any mistakes, fraud, or areas that could be improved. They're like a safety net, ensuring that everything is honest and transparent.

Audit service providers can help businesses in different situations. For example, when a company wants to show its financial health to potential investors, these providers can give an unbiased report. They can also help find ways to manage money better, making sure that money isn't wasted and is used wisely.

What makes Audit services special is that they are focused on accuracy and compliance. They're not just about fixing problems, but also about preventing them in the first place. They follow strict rules and guidelines to make sure businesses are on the right track financially.

Audit service providers use tools and technologies to make their work precise and efficient. They often work with software that helps analyze large amounts of financial data quickly. They might specialize in specific industries, like healthcare or finance, where they understand the unique financial challenges and rules.

In simple words, companies providing Audit services are like financial detectives who help businesses with money matters. They ensure that everything is accurate and honest, helping companies manage money better. They're different because they focus on accuracy and compliance, and they use tools to analyze financial data. They specialize in specific industries to offer the best guidance.

It’s important that your choice for Audit companies relies on factual information, as generally speaking, Audit companies may need to be granted access to confidential information such as your business revenue, costs and expenses, investments and other financial or non-financial information depending on the audit type you need.

On this note, we highly recommend to analyze the company profile data, and pay special attention to the following information: 

• Portfolio and previous companies

• Years of experience

• Team size and team members

• Reviews from real customers

A good audit company will deliver what you requested in efficient time and manner, and provide the entire support all the way through. So make sure you agree with them these terms in your contract. 

At the same time, an NDA (non-disclosure agreement) is extremely important when working with an audit company. It’s essential to prevent data leaks from your company and protect the information you own from getting to competitors. 

With this said, we invite you to discover our verified and trusted vendors providing audit services.