BIR Ruling No. 077-62

May 21, 1962 BIR RULING NO. 077-62 Mr. R. C. Javier Certified Public Accountant 87 Interior No. 3 J. Rizal Avenue, Bo. Tejeros Makati, Rizal S i r : Reference is made to your letter dated November 24, 1961, requesting information on the following: "1. Supposing Mr. D, is an officer of Y corporation in which corporation, Mr. E, is working as a bookkeeper. Mr. E, aside from his being a bookkeeper is also a Certified Public Accountant." "Question: "1. Did Mr. D engage the services of Mr. E, to audit his personal books and to certify financial statements for the purpose of income tax returns?" "2. Did Mr. E., in accepting the audit engagement violated any provisions of Revenue Regulations V-20?" In reply thereto, I have the honor to inform you that under those circumstances, "D" may engage the services of "E", the latter not having any financial interest, direct or indirect, in the business of the former. Neither is "E" an employee nor his work subject to the supervision and control of "D" much less employed by "D" to keep his books of accounts or to supervise the keeping thereof. Finally, "E" does not bear to "D" any business or professional relationship which may in any way effect the independence of his professional actuations" (Sec. 2, Revenue Regulations No. V-1, the Bookkeeping Regulations, as amended by Revenue Regulations No V-20). aisadc Very truly yours, BENEDICTO PADILLA Acting Commissioner of Internal Revenue