REYNALDO B.

GACOS
CERTIFIED PUBLIC ACCOUNTANT

L81, B606, P6, Heritage Homes, Loma de Gato Contact No.: 0936-753-4119
Marilao, Bulacan

CPA’S STATEMENT ON THE ITEMIZED ASSETS OF THE DECEDENT, ITEMIZED

DEDUCTIONS FROM GROSS ESTATE, AND THE AMOUNT DUE

To the Heirs
ROMANA SERAFICO ORTIZ
TIN: 144-275-884-000
73 Don Carlos Revilla St.,
Pasay City

I have performed the procedures agreed upon with you and enumerated below with respect to the gross estate of
decedent, ROMANA SERAFICO ORTIZ, who died on November 2, 2016 as set forth in the accompanying
schedule of itemized assets.

Our engagement was undertaken in accordance with the Philippine Standards on Auditing applicable to agreed-
upon procedures engagement. The procedures were performed solely to assist you in evaluating the validity of
the properties comprising the decedent’s gross estate, as of the time of death, and in determining the allowable
deductions therefrom. These procedures are summarized as follows:

1. Obtained from the client certified true copies of the following documents/schedule:
a. Bank certificates and passbook
b. Stock certificates
c. Transfer certificates of title
d. Declarations of real property
e. Death certificates
f. Schedule of the decedents’ properties
g. Loan certificate
h. Official receipts of funeral expenses
i. Official receipts of medical expenses
2. Reviewed the documents received and matched these documents versus the schedule of properties.
3. Prepared herein the Schedule of Itemized Assets of the Decedents.
4. Prepared herein the Schedule of Funeral and Medical expenses.
5. Prepared herein the Computation of the Estate Tax Due based on rates and regulations prevailing at the time
of death.

Because the above procedures do not constitute either an audit or a review made in accordance with Philippine
Standards on Auditing, we do not express any assurance on the gross estate of the decedent, ROMANA
SERAFICO ORTIZ, as at November 2, 2016.

Had we performed additional procedures or performed an audit or review of the decedent’s real properties in
accordance with Philippines Standards on Auditing, other matters might have come to my attention that would
have been reported to you.

This statement is intended solely for submission to the Bureau of Internal Revenue in connection with the filing
of the estate tax return (BIR Form 1801) and payment of the tax thereon and is not to be used for any other purpose
or to be distributed to any other parties.

REYNALDO B. GACOS
CPA Cert. No. 0010716
TIN: 104-347-154-000
PRC- BOA Registration No. 1465 04-04-2020
BIR AN. 05-003025-001-2015 12-29-2018
PTR No. 1053415 01-05-2018
Marilao, Bulacan

March 8, 2018