Antonio B. Coscolluela vs. Heirs of Ildefonso B. Coscolluela, Sr.

[SEC CASE NO. 2578. July 21, 1987.] ANTONIO B. COSCOLLUELA , petitioner , vs . HEIRS OF ILDEFONSO B. COSCOLLUELA, SR., ET AL. , respondents . [SEC CASE NO. 2885. July 21, 1987.] COSCOLLUELA BROS., INC. (formerly HEIRS OF ILDEFONSO I. COSCOLLUELA, SR., INC.), represented herein by stockholder ANTONIO B. COSCOLLUELA , petitioners , vs . OSCAR B. COSCOLLUELA, ET AL. , respondents . O R D E R Considering that Our Examiners and Appraisers Department, for which the matter of determining whether or not SGV Report dated July 10, 1985 is a LONG FORM AUDIT REPORT, has come out with the opinion that said report is not a long-form audit report, as specified in the Commission's Order dated July 9, 1984, coupled with the fact that respondents' witness, SGV's Carlito B. Fuentesfina had testified that "this is not a long form audit report because there is no opinion here. The long form audit report because there is no opinion here. The long form audit report includes the financial statement . . ." (TSN of June 25, 1986, p. 65), the Motion to Resolve the issue involving the S.G.V. Audit Report is hereby GRANTED. TAIcaD WHEREFORE, premises considered, the SGV Report dated July 10, 1985 is declared and/or considered not a long-form audit report. The parties are hereby directed to submit to this Commission another long-form audit report or in the event it is still possible, a Supplemental, Amended, or Modified Audit Report consistent with the specified items contained in the Commission's Order of July 9, 1984, under the same terms and conditions agreed by the parties in the making of this long-form audit report, within sixty (60) days from receipt hereof. SO ORDERED. (SGD.) JUANITO B. ALMOSA, JR. Hearing Officer