They said in a press statement Friday afternoon that Assistant State Prosecutor Zenmar Machacon-Caparros upheld a complaint filed by the Bureau of Internal Revenue (BIR) against RHC and Ressa for "willful attempt to evade or defeat tax and willful failure to supply correct and accurate information under Sections 254 and 255, repsectively of the tax code." Caparros also found Baladiang, Rappler's accountant, liable for "having certified financial statements
of RHC despite said corporation's failure to disclose its purchase of RI shares.
This stake must, in all cases, be equivalent to 40% of the total shares of the company--for two full fiscal years from the date of listing on the EGX, in addition to providing certified financial statements
that meet the condition of profitability, which is set to equal 5% of the paid-up capital, which is sought to be listed on the EGX.
In modern usage, an audit of financial statements is properly and simply called an "audit" (or a "financial audit" when necessary to distinguish it from other, often less robust, kinds of audits), but not a "certified audit." Audited financial statements are properly called just that, not "certified financial statements
Investigation, mayors permit and certified financial statements
, among others.
The new reality is that companies must choose between certified financial statements
and confidential and privileged tax advice.
In the original 85-count indictment brought by the Department of Justice is the prosecution's allegation that Scrushy personally certified financial statements
filed with the SEC that he knew to be false.
For purposes of this rule, the technical corrections will probably indicate that a restatement of previously filed and certified financial statements
that occurs after June 30, 2003 does not alter the statement's status as having been filed and certified before July 1, 2003.
The Annual Meeting also saw the installation of other Institute officers as well as representatives from approximately half of TEI's 53 chapters, as well as the presentation of the Institute's certified financial statements
, which reflected revenues totally more than $5 million, net revenues for the year of almost $600,000, and net assets of $4.4 million.
The old system required numerous attachments, including a safety fitness rating and certified financial statements
And speaking of using tact, it isn't any more fun getting the financials from businesses who occupy less than 20,000 feet, because many of them are privately owned and The principals still maintain that their tax returns are "private." This psychological resistance on the part of our customers to releasing financials prior to agreeing to lease terms puts them on an uneven playing field, since they are competing with four or five other tenants who immediately submit strong, certified financial statements
with submission of their proposals.
The court pointed out that the tax audit workpapers have to be prepared by listed companies to comply with securities laws and the accounting principles for certified financial statements
. Citing the famous case of United States v.