Quotation Estimate Auditor in Philippines Manila –Free Word Template Download with AI

Prepared By:
Meridian Audit & Advisory Partners
12th Floor, Ayala Center Tower 3
Makati City, Philippines Manila
Tel: +63 (2) 8888-4521
Email: [email protected] Prepared For:
[Client Company Name]
[Client Address]
Metro Manila, Philippines
Attn: [Client Contact Person]
Tel: [Client Phone Number]

This Quotation Estimate is formally issued by Meridian Audit & Advisory Partners to provide a comprehensive and transparent breakdown of professional fees for the engagement of a licensed Auditor to conduct a full-scope financial audit for the fiscal year ending December 31, 2025. This document is specifically tailored for operations and compliance requirements within Philippines Manila, in accordance with the standards set by the Board of Accountancy of the Philippines, the Philippine Institute of Certified Public Accountants (PICPA), and the applicable provisions of the Revised Financial Reporting Standards (FRS) issued by the Financial Reporting Standards Council (FRSC).

The Auditor engagement outlined in this Quotation Estimate covers all statutory and voluntary audit procedures necessary to ensure that the financial statements of the client entity are presented fairly and in all material respects, in conformity with the applicable financial reporting framework. All services will be rendered by a team of certified public accountants (CPAs) and senior audit professionals based in our Philippines Manila office, ensuring local regulatory expertise and familiarity with the Bureau of Internal Revenue (BIR), Securities and Exchange Commission (SEC), and other relevant government agencies operating in the Metro Manila region.

The Auditor engagement, as detailed in this Quotation Estimate, encompasses the following professional services to be performed in Philippines Manila:

Service Component	Description	Estimated Hours	Rate (PHP)	Amount (PHP)
Planning & Risk Assessment	Initial meetings, understanding of internal controls, materiality determination, and audit strategy formulation for the Philippines Manila entity.	40	3,500	140,000.00
Substantive Testing & Fieldwork	Detailed testing of transactions, balances, and disclosures including cash, receivables, inventory, payables, fixed assets, and equity accounts.	120	3,500	420,000.00
Compliance & Tax Review	Verification of BIR tax filings, withholding tax compliance, and adherence to Philippine tax laws applicable in the Philippines Manila jurisdiction.	30	4,000	120,000.00
Internal Control Evaluation	Assessment of the effectiveness of internal controls over financial reporting and issuance of management letter recommendations.	25	4,000	100,000.00
Report Preparation & Issuance	Drafting, review, and final issuance of the Auditor's Report, management representation letter, and accompanying financial statements.	20	4,500	90,000.00
Post-Audit Consultation	Follow-up meetings with management in Philippines Manila to discuss findings, answer queries, and provide advisory support.	15	3,500	52,500.00
TOTAL ESTIMATED FEE (VAT Inclusive at 12%)				1,052,500.00

Validity: This Quotation Estimate is valid for thirty (30) calendar days from the date of issuance. Beyond this period, the Auditor fees may be subject to revision based on prevailing market conditions in Philippines Manila.
Payment Terms: Payment shall be made in three (3) installments: 40% upon signing of the engagement letter, 40% upon completion of fieldwork, and 20% upon issuance of the final Auditor's Report. All payments are due within fifteen (15) days from the date of each invoice.
Out-of-Pocket Expenses: Travel, transportation, and accommodation expenses incurred by the Auditor team while conducting on-site procedures in Philippines Manila or its surrounding provinces shall be billed separately at actual cost, subject to prior written approval by the client.
Confidentiality: The Auditor and all team members shall maintain strict confidentiality of all financial and operational information obtained during the engagement, in compliance with the Data Privacy Act of 2012 (Republic Act No. 10173) of the Philippines.
Scope Limitation: This Quotation Estimate covers the financial audit of the primary entity registered in Philippines Manila. Any additional subsidiaries, branches, or entities located outside Metro Manila shall be subject to a separate supplementary quotation.
Deliverables: The Auditor shall deliver the final audit report, management letter, and all supporting workpapers in both hard copy and electronic format within thirty (30) days from the completion of fieldwork.
Dispute Resolution: Any disputes arising from this Quotation Estimate or the Auditor engagement shall be resolved through amicable negotiation. In the event of failure to reach a settlement, the matter shall be referred to the courts of competent jurisdiction in Philippines Manila.
Regulatory Compliance: All audit procedures shall be conducted in strict accordance with Philippine Standards on Auditing (PSA), the Code of Ethics for Professional Accountants, and all applicable laws and regulations of the Republic of the Philippines.

By signing below, the client acknowledges receipt of this Quotation Estimate and agrees to the terms, conditions, and professional fees outlined herein for the engagement of the Auditor in Philippines Manila. This document, once signed by both parties, shall serve as the basis for the formal Engagement Letter to be executed within five (5) business days.

For Meridian Audit & Advisory Partners
[Authorized Signatory Name]
CPA License No. [XXXXX]
Partner, Philippines Manila Office
Date: _______________ For the Client
[Client Representative Name]
[Designation / Title]
[Company Name]
Date: _______________ ⬇️ Download as DOCX Edit online as DOCX

Create your own Word template with our GoGPT AI prompt:

GoGPT