BIR Ruling No. 053-63

July 12, 1963 BIR RULING NO. 053-63 Messrs. Felipe B. Ollanda & Associates Certified Public Accountants 505 China Bank Building Manila Gentlemen : Reference is made to your letter dated May 21, 1963, requesting clarification on the manner of signing the certificate of an independent certified public accountant required to be submitted and filed with a taxpayer's income tax return under Revenue Regulations No. V-1, the Bookkeeping Regulations, as amended. Specifically, you are referring to those cases wherein the audit and examination of a taxpayer's books of accounts and financial statements have been done by a firm of certified public accountants. prcd In answer thereto, I have the honor to quote hereunder the pertinent provisions of Section 8-A of Revenue Regulations No. V-1, as amended by Revenue Regulations No. V-20. "(2) Accountants Certificates . The Accountant's Certificate shall be dated, signed manually, and shall identify without detailed enumeration the financial statements covered by the certificate and shall be submitted and filed with the taxpayer's income tax return. However, if the audit and examination has been performed by a firm of certified public accountants, the certificate shall indicate the firm name, signed either by the certified public accountant of the firm who actually performed the audit and examination or by a responsible officer thereof. . . ." (Emphasis supplied). prll From the aforequoted provisions, it is quite clear that in cases where the audit and examination have been performed by a firm of certified public accountants, the certificate should be signed as follows (taking for granted that the name of the firm is "Cruz, Santos & Co." and "Juan Antonio" is the certified public accountant, or a responsible officer of the firm). CRUZ, SANTOS & CO. Certified Public Accountant By: Juan Antonio To sign the certificate merely with "Cruz, Santos & Co.", either alone or immediate above the typewritten name of the firm, would not be a sufficient compliance with the regulations. LLpr Very truly yours, (SGD.) JOSE B. LINGAD Acting Commissioner of Internal Revenue