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    Carmelo D. Fazon

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    Karlayaan
    This document is an independent auditor's report for Rodes Pharmacy and General Mdse. It summarizes that the auditor examined the company's financial statements for 2016 and 2015 and issued a report on March 23, 2017. It states that management is responsible for preparing accurate financial statements according to accounting standards. The auditor's responsibility is to express an opinion on whether the financial statements fairly represent the company's financial position based on their audit. The auditor believes the evidence from their procedures is sufficient to conclude that the financial statements accurately portray the company's financial position and performance for the years ended.

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    Carmelo D. Fazon

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    Karlayaan
    25 views2 pages
    This document is an independent auditor's report for Rodes Pharmacy and General Mdse. It summarizes that the auditor examined the company's financial statements for 2016 and 2015 and issued a report on March 23, 2017. It states that management is responsible for preparing accurate financial statements according to accounting standards. The auditor's responsibility is to express an opinion on whether the financial statements fairly represent the company's financial position based on their audit. The auditor believes the evidence from their procedures is sufficient to conclude that the financial statements accurately portray the company's financial position and performance for the years ended.

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    This document is an independent auditor's report for Rodes Pharmacy and General Mdse. It summarizes that the auditor examined the company's financial statements for 2016 and 2015 and issued a report on March 23, 2017. It states that management is responsible for preparing accurate financial statements according to accounting standards. The auditor's responsibility is to express an opinion on whether the financial statements fairly represent the company's financial position based on their audit. The auditor believes the evidence from their procedures is sufficient to conclude that the financial statements accurately portray the company's financial position and performance for the years ended.

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    © All Rights Reserved
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    Download as doc, pdf, or txt
    25 views2 pages

    Carmelo D. Fazon

    Uploaded by

    Karlayaan
    This document is an independent auditor's report for Rodes Pharmacy and General Mdse. It summarizes that the auditor examined the company's financial statements for 2016 and 2015 and issued a report on March 23, 2017. It states that management is responsible for preparing accurate financial statements according to accounting standards. The auditor's responsibility is to express an opinion on whether the financial statements fairly represent the company's financial position based on their audit. The auditor believes the evidence from their procedures is sufficient to conclude that the financial statements accurately portray the company's financial position and performance for the years ended.

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    of 2

    CARMELO D.

    FAZON
    CERTIFIED PUBLIC ACCOUNTANT B18 L2 VILLA REMEDIOS SUBDN, SALITRAN 2,
    DASMARINAS CITY,CAVITE, PHILIPPINES
    CP NO. 0949-864-5849
    EMAIL ADDRESS [email protected]

    INDEPENDENT AUDITOR’S REPORT

    Rolando B. Blancia
    Rodes Pharmacy and General Mdse.
    Blk 27 Lot 9/10, PH 1A,Ciudad Nuevo Subdn.
    Sabang, Naic, Cavite

    I have examined the accompanying financial statements of RODES PHARMACY


    AND GEN. MDSE. which comprise the STATEMENTS OF FINANCIAL
    POSITION as at December 31, 2016 and 2015, STATEMENTS OF INCOME for
    the year then ended, and a summary of significant notes to financial statements. 0n
    which I have rendered my report dated March 23, 2017.

    Management’s Responsibility for the Financial Statements

    The Management of RODES PHARMACY AND GEN. MDSE. is responsible for


    the preparation and fair presentation of these financial statements in accordance with
    Philippine Financial Reporting Standard for Small Medium Size Entities, and for such
    internal control as management determines is necessary to enable the preparation of
    financial statement that are free from misstatement, whether due to fraud or error.

    Auditor’s Responsibility

    My responsibility is to express an opinion on these financial statements based on my


    audit. I conducted my audit in accordance with Philippine Standard on Auditing.
    Those standards require that I comply with ethical requirements and plan and perform
    the audit to obtain reasonable assurance about whether the financial statements are
    free from material misstatement.

    An audit involves performing procedures to obtain audit evidence about the amount
    and disclosures in the financial statements. The procedures selected depend on the
    auditor’s judgment, including the assessment of the risk of material misstatement of
    the financial statement, whether due to fraud or error. In making those risk
    assessment, the auditors consider internal control relevant to entity’s preparation and
    fair presentation of the financial statements in order to design the audit procedures
    that are appropriate in the circumstances, but not for the purpose of expressing an
    opinion on the effectiveness of the entity’s internal control. An audit also includes
    evaluating the appropriateness of accounting policies used and the reasonableness of
    accounting estimates made by the management, as well as evaluating the overall
    presentation of the financial statements.
    I believe that the audit evidence I have obtained is sufficient and appropriate to
    provide a basis for my opinion.

    Opinion

    In my opinion the financial statements present fairly, in all material respect, the
    financial position of RODES PHARMACY AND GEN. MDSE. as of December
    31, 2016 and 2015, and of its financial performance for the year then ended in
    accordance with Philippine Financial Reporting Standard for Small Medium Size
    Entities.

    Report on the Supplementary Information Required Under Revenue Regulation


    15-2010 of the Bureau of Internal Revenue

    My audit was conducted for the purpose of forming an opinion on the basic financial
    statements taken as a whole. The supplementary information on taxes and licenses in
    Note 1 to the financial statements is presented for the purpose of filing with the
    Bureau of Internal Revenue and is not a required part of the basic financial
    statements. Such information has been subjected to auditing procedures applied in my
    audit of the basic financial statements and, in my opinion, is fairly stated in all
    material respects in relation to the basic financial statements taken as a whole

    CARMELO D. FAZON
    CPA Certificate No. 51666
    BOA Accreditation No. 1074, valid until April 30, 2017
    pursuant to Board Resolution No.37- s of 2017
    BIR Accreditation No. 09-004875-1-2016, until January 27, 2018
    TIN 108-122-484-000
    PTR No. CD-1569106, January 12, 2017

    March 23, 2017

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