T. R.

YANGCO EDUCATIONAL INSTITUTE

Batch ‘86

AUDITOR’S REPORT

As we agreed on the Officers’ Meeting last July 29, 2023 the Treasurer was
mandated to submit the Financial Statement on August 7, 2023.

I, GENEVIVE C. EVANGELISTA, elected as auditor of T. R. Y. E. I. Batch ’86 2020-

2025. My function and duties are to audit the financial records kept by the
Treasurer.

I have audited the accompanying List of Donors and Donations received, Cash
flow of Financial Statement of T. R. YANGCO EDUCATIONAL INSTITUTE BATCH
1986 for the Year which Ended on December 31, 2022. The Financial Statement
is the responsibility of management. My responsibility is to express an opinion
based on my audit.

After a thorough examination of the Financial Statement. I am submitting

herewith the report of my findings during the audit as follows:

1. That the Total Cash Donation from the Batch ’86 January 2020 is Thirty-
nine Thousand Seven Hundred thirty pesos (P39,730.00) which was
received by the Treasurer for the purpose of T.R.Y.E.I. Alumni
Homecoming.

2. That the Dollar Donations from abroad was converted into peso and
divided equally among the batch ’86 attendees during the batch
election at Janet Evangelista Radoc’s Residence. Donors are as follows:
Rachelle Magsaysay $ 100
Ma. Luisa Fabricante $ 45
Irene Pobre P100

3. That the total Cash Donations from Batch ’86 on December 30, 2022 is
Fourteen Thousand Pesos (P14,000.00) which was received by the
 Treasurer for the purpose of T.R.YE.I. Alumni Jam Session Night.
Breakdowns are as follows:
Mr.& Mrs. Arnaldo Bato P5,000.00
Janet Evangelista Radoc 3,000.00
Florfina Asinas Manangan 5,000.00
Florina Dela Cruz Albeza 1,000.00

4. That the Over All Expenses from January 2022 – December 2022
amounting to Forty Thousand Two Hundred Eighty Pesos (P40,280.00)
are not properly liquidated due to the absence of information (NO
RECEIPTS).
Summary and Details can be found in Batch ’86 Summary of Donation
and Expenses.

5. That some of the amount used/withdrawn from Donations of Batch ’86

is not relevant to the purpose of Donations.

6. The Total Cash Balance to be turned over is Seventeen Thousand Six

Hundred Pesos (P17,650.00) with the breakdown as follows:
Remaining Cash as of October 21,2021 P6,450.00
Remaining Cash as of December 30,2022 7,000.00
Remaining Cash Donation as of July 29,2023 13,000.00
Balance Forwarded from……. 4,200

7. That the Financial Statement did not meet the accounting principles.

8. That the Financial Statement forwarded in messenger was just

submitted on the day of the deadline, which is August 7, 2022 at 12:03
for auditing. The Auditor had managed to scrutinize and study the
Financial Statement just to meet the deadline for submission.

9. That the soft copy of the FINANCIAL STATEMENT forwarded via

messenger was not signed by the signatories.

I conducted the audit in accordance with generally accepted auditing

standards. These standards required the accumulation and evaluation of
evidence about information to determine and report on the degree of
correspondence and established criteria used for evaluating the overall
statement presentation of the Financial Statement. I perform the audit to
obtain reasonable assurance about whether the financial statement is free of
material misstatements. I believe that my audit provided a reasonable basis for
my opinion.

All the information written was true and correct to the best of my auditing
skills as an Internal Auditor of T. R. YANGCO EDUCATIONAL INSTITUTE BATCH
’86 for the Years 2020-2021 and 2021-2022 as of August 7, 2023, in conformity
with general accepted accounting principles applied on a consistent basis.
Submitted for the purpose of transparency.

GENEVIVE C. EVANGELISTA
Auditor