About LITO

Mr. Rafaelito Solangon  is an accomplished Tax and Financial Consultant.
 
He is a Certified Public Accountant (CPA) who obtained certificates of accreditation with the Bureau of Internal Revenue (BIR), Board of Accountancy (BOA) and Securities & Exchange Commission (SEC).He is distinguished as one of the 73 CPAs from the Philippines registered as An ASEAN CPA, ready to provide professional accountancy services in other ASEAN countries. Lito earned his Bachelor of Science in Business Administration major in Accounting degree from the University of the East Manila and passed the CPA board licensure examination in May 1984. His career took a highlight in 1988 when he worked as a Financial Controller for two big manufacturing firms in Indonesia and other Asian countries Malaysia, Hongkong, Singapore and China till 1999 and for various local companies till 2008. These engagements demanded constant updates with the latest Philippine tax rulings and more importantly, the basic requirements and latest updates on the Philippine Financial Reporting Framework and Standards (PFRS) as required by SEC. His own Accounting firm was established in 2008. This provided professional services such as business process outsourcing (BPO) and other general services that included but not limited to company formation, internal audit and various special projects. In 2014, he formed an alliance with other CPA practitioners, which gave rise to R.C. Solangon & Associates, CPA’s Co., a general professional partnership formed and registered with SEC, their expertise includes:  

     ▪ Assurance such as external audit, review services, accounting consultations regulatory compliance, extended audit services, due diligence work, etc.  
     ▪ Tax consultancy including compliance review, tax planning, seminars, etc.
     ▪ Advisory such as performance improvement on operations, risk assessment, etc. 

With a career expanse of more than 35 years he has acquired extensive experience and expertise in all phases of financial and management accounting, finance, taxation and audit. Lito is a well-loved and respected member/officer of various Professional Associations, Civic and business organizations which all the more led to improvement in his craft and enriched knowledge in matters regarding conduct of business transactions: President – Association of Residencia Accountants in Public Practice (ARAPP) Inc. Vice President – Philippine Chamber of Commerce and Industry (Makati Chapter) Chartered President – Rotary Club of Makati Valero, District 3830 Director – Finance Educators Association (Fin.Ed) Phils. Member – Philippine Institute of Certified Public Accountants (PICPA) Member – Tax Management Association of the Philippines (TMAP) Member and Treasurer – Association of CPA in Public Practice (ACPAPP) Member – Association of CPA in Commerce and Industry (ACPACI) Member – Israel Chamber of Commerce & Industry in the Philippines (ICCP)