REYES GALANG KING AND COMPANY

Certified Public Accountants

BOA Certificate of Registration No. 0224 26 Tirad Pass, Sta. Mesa Heights
T.I.N. 000-810-973 Quezon City, Philippines
P. O. Box 2939, Manila Tel. Nos. 740-7919; 740-7890; 741-5688
FAX 740-7719

May 06, 2011

AQUINAS UNIVERSITY HOSPITAL

FOUNDATION, INC,
Washington Drive, Legaspi City

Dear Sirs:

In connection with the examination of your company's financial statements for the accounting
period ended March 31, 2011, following is a list of our audit requirements. Please note that said
list is not inclusive of other requirements which we may still need from time to time in the course
of our work.

PARTICULARS Target Dates of Submission

1 Financial Statements June 06, 2011

a. Statement of Financial Position
b. Statement of Receipts and Expenses
c. Statement of Changes in Fund Balance
d. Statement of Cash Flows
e. Notes to Financial Statement
2 Statement of Management Representation Letter duly signed June 06, 2011
by the President, Treasurer, Chief Financial Officer
3 Final Trial Balance June 06, 2011
4 Schedule of funds
a. Cash and other funds in banks June 10, 2011
b. Petty cash and other funds on hand June 10, 2011
c. Certification of funds June 10, 2011
5 Bank reconciliation statements June 10, 2011
6 Schedule of time deposits - Marketable Securities June 10, 2011
a. Copy of marketable securities certificate June 10, 2011
7 Schedule of accounts receivable -trade, with age analyses June 10, 2011
8 Schedule of due from accountable officers June 10, 2011
9 Schedule of cash advances to officers and employees June 10, 2011
10 Summary list of supplies and other inventories filed with the BIR June 10, 2011
11 Schedule of investments June 10, 2011
a. Photocopy of investment certificate June 10, 2011
b. Photocopy of TCTs June 10, 2011
12 Schedule of prepayments June 10, 2011
13 Schedule of fixed assets - with lapsing schedule June 10, 2011
14 Schedule of accounts payable - trade, with age analyses June 10, 2011
15 Schedule of other payables June 10, 2011
16 Schedule of accrued expenses June 10, 2011
17 Schedule of various payables June 10, 2011
a. Schedule of withholding tax payable
a.1Copy of alphabetical list of employees/payees
( from whom taxes were withheld filed with the BIR ) June 10, 2011
b. Schedule of SSS, PHIC and HDMF payables
b.1Copy of monthly remittances June 10, 2011
18 Schedule of loans/notes payable June 10, 2011
a. Photocopy of contract/loan agreement/promissory notes June 10, 2011
19 Schedule of advances to/from affiliated companies June 10, 2011
20 Schedule of sales and purchases June 10, 2011
21 Schedule of pension trust liability June 10, 2011
22 Schedule of receipts/income June 10, 2011
a. Routine accommodation
b. Special services
c. Miscellaneous
23 Schedule of dividend, interest and other income June 10, 2011
24 Schedule of operating expenses June 10, 2011
25 Schedule of taxes and licenses with OR No., date and
nature of taxes paid June 10, 2011
26 Schedule of professional/legal fees June 10, 2011
27 Schedule of related party transactions June 10, 2011
28 Schedule of interest expenses June 10, 2011
29 Summary of year - end adjustments June 10, 2011
30 List of Board of Trustees as of March 31, 2010 June 10, 2011
31 List of contingent liabilities, cases pending in court, if any June 10, 2011
32 Copy of Income tax returns and audited financial statements filed for the year
ended March 31, 2010 June 10, 2011
33 Minutes of stockholders' meeting/board resolutions ( for the inclusive
period under audit, 2009-2010 ) June 10, 2011

We will be anticipating your utmost cooperation on this matter particularly as regards the
availability of the following reference records and documents which will definitely facilitate our
work:
1 Books of Accounts
Cash Receipts Book - Official Receipts
Cash Disbursement Book - Check Vouchers
General Journal Book - Journal Vouchers
General Ledger Books
2 Monthly Trial Balance for the year under examination.
Thank you.
Very truly yours,

By:
(signed)
AMADO P. GALANG
Conforme: Managing Partner
AQUINAS UNIVERSITY HOSPITAL
 FOUNDATION, INC.
By:
Date:
; 741-5688