New Era University

College of Accountancy
No. 9 Central Avenue, New Era, Quezon City 1107, Philippines
Tel No: 981 4221 to 4321 Fax: 981 4220
Website: www.neu.edu.ph

September 27, 2018

HUMAN RESOURCE MANAGEMENT

Century Pacific Food Inc.
7th Floor, Centerpoint Building,
Julia Vargas Avenue corner Garnet St.,
Ortigas Center, Pasig City 1605

Good day!
In partial fulfillment of our requirement in Research 2 (Thesis Writing), we, the
graduating BS Accounting Technology students of New Era University, are conducting a
research entitled, “The Efficiency of Internal Auditing as a Tool for Improving the
Manufacturing Company’s Performance (A Case Study of Century Pacific Food
Inc.)”. We would like to ask for your permission if we could have Century Pacific Food
Incorporated as our subject for the said requirement.
The research study aims is to provide more insight in the practice of internal auditing
and determine its efficiency. Your company is well-known in the merchandising industry
that is why we chose it. Most importantly, the researchers believe that your company
will provide us necessary data and information that will be remarkably useful for our
case study.
In connection with this, we are seeking that we may be allowed to conduct a survey as
well as an interview on your Internal Auditing Department. Moreover, we also want to
invite one of the company’s Audit Committee to be in the said interview. Enclosed with
this letter is the interview schedule but we might have follow-up questions if needed.
The researchers would like to ensure you that any information gathered will be kept
confidential and will be used for academic purposes only.
We believe that you are with us in our enthusiasm to finish this requirement in
compliance for our graduation and for us to develop our research capability. For further
concerns, you could contact me at kayceenvrr16@gmail.com or +639291734554.
Your approval will be greatly appreciated. Thank you very much.

Respectfully,

KAYCEE B. NAVARRO KURT VON RAVEN M. CAÑERO

HANS CYNEL C. MIRANDA MANUEL C. NAING JOANNA RAE M. SEÑAR

Mr. Melvin I. Fabillan

Adviser, Research 2

Noted by:

Dr. Irene P. Solano Isagani T. Sabado, CPA, MBA

Professor, Research 2 Dean, College of AccountancY
 New Era University
College of Accountancy
No. 9 Central Avenue, New Era, Quezon City 1107, Philippines
Tel No: 981 4221 to 4321 Fax: 981 4220
Website: www.neu.edu.ph

September 26, 2018

MR. SAMUEL SANTILLAN

Audit Director
Century Pacific Food Inc.
7th Floor, Centerpoint Building,
Julia Vargas Avenue corner Garnet St.
Ortigas Center, Pasig City 1605

Dear Mr. Santillan,

Good day!
In partial fulfillment of our requirement in Research 2 (Thesis Writing), we, the
graduating BS Accounting Technology students of New Era University, are conducting a
research entitled, “The Efficiency of Internal Auditing as a Tool for Improving the
Manufacturing Company’s Performance (A Case Study of Century Pacific Food
Inc.)”. We would like to ask for your permission if we could have Century Pacific Food
Incorporated as our subject for the said requirement.
The research study aims is to provide more insight in the practice of internal auditing
and determine its efficiency. Your company is well-known in the manufacturing industry
that is why we chose it. Most importantly, the researchers believe that your company
will provide us necessary data and information that will be remarkably useful for our
case study.
In connection with this, we are seeking that we may be allowed to conduct a survey as
well as an interview on your Internal Auditing Department. Moreover, we also want to
invite one of the company’s Audit Committee to be in the said interview. Enclosed with
this letter is the interview schedule but we might have follow-up questions if needed.
The researchers would like to ensure you that any information gathered will be kept
confidential and will be used for academic purposes only.
We believe that you are with us in our enthusiasm to finish this requirement in
compliance for our graduation and for us to develop our research capability. For further
concerns, you could contact me at kayceenvrr16@gmail.com or +639291734554.
Your approval will be greatly appreciated. Thank you very much.

Respectfully,

KAYCEE B. NAVARRO KURT VON RAVEN M. CAÑERO

HANS CYNEL C. MIRANDA MANUEL C. NAING JOANNA RAE M. SEÑAR

Mr. Melvin I. Fabillan

Adviser, Research 2

Noted by:

Dr. Irene P. Solano Isagani T. Sabado, CPA, MBA

Professor, Research 2 Dean, College of Accountancy
 DATE: ________________________

INTERVIEWEE INFORMATION

Name: _______________________________________________
Position or Department: _______________________________________________
_
PURPOSE OF THE STUDY

 General observation on behavioral practices

 Employee Satisfaction Rate
 To gather sufficient data and information that will be significantly useful to our
research
INTERVIEW QUESTIONS

The researchers some dichotomous questions. Dichotomous questions are question

with only two possible responses.
Directions: draw a check mark in the box if yes, if no draw

1) How often does Century Pacific Food Inc. conduct auditing inspections?
a) How long does each inspection span?
b) Usually in what period or month do you conduct inspections?
2) What are the problems or risks that you have encountered on conducting the
auditing inspections?
a) How does it affect the procedures?
b) How do you manage to solve it?
3) For you as an audit committee, what do you think are the pros and cons of your
company?
4) What position do you see your company in?
a) What are the positive and negative factors that affect the company?
5) In what means you consider the Internal Audit Team as one of the key strengths of
your company?
6) How does your company treat its losses?
a) Do you implement a strategy to get rid of the losses?
7) As the audit committee of your company, what are the steps or strategies needed to
optimize the performance?
8) What are the general internal controls does the company implement?
a) Do you think the controls implemented are effective and efficient?

NOTE: If needed, we might have follow-up questions

DATE: ________________________
 INTERVIEWEE INFORMATION

Name: _______________________________________________
Position or Department: _______________________________________________
_
PURPOSE OF THE STUDY

 To find out the Efficiency of Internal Auditing as a Tool for Improving

Manufacturing Company’s Performance
 Perform an assessment and analysis of their internal audit process
 To gather sufficient data and information that will be significantly useful to our
research
INTERVIEW QUESTIONS

The researchers will be doing a semi-structured interview. Semi-structured interview

is chosen for this will not limit exploration of related topics that could be necessary to
the study. This interview is in a formal manner to further enhance the extraction of data
and information from the respondents.

9) How often does Century Pacific Food Inc. conduct auditing inspections?
a) How long does each inspection span?
b) Usually in what period or month do you conduct inspections?
10)What are the problems or risks that you have encountered on conducting the
auditing inspections?
c) How does it affect the procedures?
d) How do you manage to solve it?
11)For you as an audit committee, what do you think are the pros and cons of your
company?
12)What position do you see your company in?
a) What are the positive and negative factors that affect the company?
13)In what means you consider the Internal Audit Team as one of the key strengths of
your company?
14)How does your company treat its losses?
b) Do you implement a strategy to get rid of the losses?
15)As the audit committee of your company, what are the steps or strategies needed to
optimize the performance?
16)What are the general internal controls does the company implement?
b) Do you think the controls implemented are effective and efficient?

NOTE: If needed, we might have follow-up questions