Gore Accountants

We hope you find inspiration in this story…

“One of the major highlights of my former firm Gore Accountants & Business Advisors (GABA) was the fact that we took from Deloitte the audit and tax agency work for Daewoo Engineering & Construction that built the PNG LNG Plant site. My team and I had the opportunity of walking around and inspecting the LNG Plant whilst it was constructed. Daewoos Group auditors at that time were PwC. Instead of moving from Deloitte to PwC, they came to GABA. We reported our audit to PwC Korea. They were our client from 2011 till 2014 when the construction work concluded and production commenced. Since then Billions of USD exports earning have been generated and after the borrowings are repaid, we expect billions of USD to reach PNG starting 2023 or 2024. That will lead to a humongous socio-economic transformation of PNG. Who says we can’t compete with the best and win! ❤️🇵🇬

I was pleased to lead a capable GABA team to achieve this milestone.

I hope this inspires some of you professionals and entrepreneurs.”

James P. Gore | Principal

Most of the accountants, tax agents and auditors in PNG do not meet international standards, according to the Certified Practicing Accountants of Papua New Guinea (CPAPNG). The CPAPNG will do a qualitative review of all its practitioners in the coming months.

‘There is no review done on them in terms of the application of the standards and the requirement of being an auditor,’ reportedly said Richard Kuna, CPAPNG Chairman. ‘Once they go through the qualitative review, their skill levels will be elevated and they will be forced to train their staff to the standard required.’ (Post-Courier)

Team Gore undergoing training on our new Audit Software as we go electronic and cloud with our audit. No more paper audit files!

Congratulations to Teone Amy Fitina (Accountant/ Consultant) for scoring an A in the CPA Exam - Foundations of Accounting.

Teone had 5+ years experience and started her CPA Exams last year. It’s never too late to start your CPA exam.

Congratulations to Miriam Masibameng (Senior Accountant/ Consultant) who scored A in the CPA Exam - Advanced Audit & Assurance.

We are proud of you. Sky is the limit! 👊🏾

TIP FOR ASPIRING TECHNICAL ACCOUNTANTS
By James Gore, Principal

I solve complex accounting issues arising from complex business and financial transactions by applying the basic accounting principles:
- Double Book Entry - i.e. for every debit there is a corresponding credit and vice versa
- Knowing the fundamentals of what is an Asset, Liability, Income and Expense.

The best Technincal Accountants provide simple solution for complex issues. They don’t make complex issues become more complex!

That is why I am regarded as one of PNG’s Top Technical Accountants - whether expat or national.

Elton Fabila (Manager - Audit & Risk Management Services) and James Gore (Principal). Elton and James were colleagues at Ernst & Young (EY) when James was an EY Partner. Elton joined James in January 2020 after James retired from the EY Partnership on 31 July 2019 and established Gore Accountants.

“When I recruit I recruit with the future mind…” says James Gore

Our Admin Support Team hope you celebrated in style welcoming the New Year 2022. We wish you prosperity in every sense of the word in 2022.

MERRY CHRISTMAS 🙏🏾❤️💚🤍

The Management of Gore Accountants wishes you Merry Christmas. We thank you, our clients, family, friends, supporters and fans for your ongoing support. We are grateful and certainly do not take your support for granted.

COMPANY OFFICERS

The Companies Act, does not require a company to have a secretary. Where a secretary is appointed, they must be a natural person ordinarily resident in PNG and shall have the rights, powers and duties given to them by the Act, Constitution or the Board of the company.

Every company must have at least one director who is ordinarily a resident of PNG.

- Business Advantage PNG/ Dentons