By: group II

milestones

May 2003. The Firm Eulalio J. Minerva & Co. CPAs was
formally organized as a general professional
partnership for the purpose of carrying on the
practice of accountancy in the Philippines with Mr.
Elmer P. Minerva and the late Eulalio J. Minerva as the
Managing Partner and Senior Partner, respectively.
Both had substantial years and meaningful
experience in public practice prior to 2003.
Completing the partnership are the other members of
the family who are likewise licensed professionals in
the field of accountancy namely: Edwin P. Minerva,
Edmund P. Minerva, and Mae Cora L. Minerva.
Minerva & Company, CPAs principal office started at
the Baseline Complex, Juana Osmea Street, Cebu
City and had only two staff auditors then.

Although the Firm is relatively young,

the experiences and exposures of the
individual partners in the fields of
audit, corporate finance, taxation and
management services are deemed
extensive, rich, and highly impressive.
To cope up with the competition, series
of realignments and streamlining of
functions were made by the
partnership thereby giving the other
partners more involvements in the
affairs of the Firm.

January 2005.Business operation was relocated

to a bigger office space at Elms Arcade, N.
Bacalso Avenue, Mambaling, Cebu City. Its
clientele blossoms to an impressive number
while the quality of service continued to be well
appreciated. To date, the Firm has gradually
made a name in particular segment of the
industry.

In October 2005, the firms co-founder and

Senior-Partner, Eulalio J. Minerva, passed away.
He was a big loss to the firm, to his family. But
never to be deterred, the remaining partners
continued what has been started. The Firm
continued to reap success.

 This has led to the alteration of the original partnership

and the creation of the new firm, Minerva & Company,
Certified Public Accountants with Elmer P. Minerva as
the Managing Partner.
Rebecca O. Torres, an Associate who joined the original
partnership in 2005 was later on admitted as Partner of
the firm.
January 2011. The Firm officially used the new name
(Minerva & Company, CPAs) to the public.
It is accredited with government auditing agencies
namely:
(1)
(2)
(3)
(4)
(5)
(6)

Securities & Exchange Commission

Banko Sentral ng Pilipinas
National Electrification Administration
Cooperative Development Authority
Bureau of Internal Revenue
Board of Accountancy.

The Interview

 How would you describe the culture of this firm?

Our culture is just helping each other to meet the goal.
To make sure that you become the most competitive among
all firms, what are your basis on hiring your employees?
For you to be qualified and become part of the firm, you
must have a good communication skills. Profession requires
communication.
And also, there will be written examinations for the
employees.
By how many years (range) can a CPA be promoted?
Promotion is based on their performances.
What kind of services do you offer?
Financial Audit
Tax Services
Accounting Services
Management Services
Special Audit Engagements
General Accounting Services

 From the very date Minerva started until now, were there changes
made and followed for more credible performance?
We did expand, we have now the Elms Arcade that is located in
Mambaling. We also have the Linx Business, a virtual space provider,
that is actually located next to our Juana Osmea branch.
How do you deal internal issues?
Our HR deals with the internal issues in the firm.
Based on experience, among the different areas where CPAs can
practice their profession, what can you suggest as most interesting?
After passing the board exam, choose the job that is financially
rewarding and that can give you more exposure in different fields
to be able to widen their knowledge.

Minerva Culture & Values

Integrity
Nobility
Entrepreneurship
Result-focused
Versatility
Accountability