[1] The firm embarked on its first overseas engagement by working out a merger with Henry Hunter Bayne & Co. (HHB), which started its practice in the then-American controlled Philippine Islands in 1906.

In 1953, Thomas Farnell, a senior partner of HHB, decided to return to the United States and sell his firm to Filipino accountants Arsenio Reyes and Ramón J. Gorres.

[1] In 1985, SGV & Company became a member firm of Arthur Andersen & Co., S.C., one of the largest professional service organisations in the world.

[2] In 2000, the country's local accountant's professional body reprimanded SGV, then an Andersen affiliate in the Philippines, in relation to its audit with Victorias Milling Company.

SGV withdrew audit reports worth three years after it was found out that it certified them without checking, which were later determined to be fraudulent.

[2] In 2008, a group dubbed as the SGV 14 led by then Vice Chairman Roman Felipe Reyes disputed the integration of SGV's local operations with Ernst & Young's international operation arguing the move was against the constitution since the local accounting industry is restricted to Filipinos.