SEC Form 20-IS - iRemit Global Remittance

INDEPENDENT AUDITORS’ REPORT
ON SUPPLEMENTARY SCHEDULES
The Stockholders and the Board of Directors
I-Remit, Inc.
26/F Discovery Centre, 25 ADB Avenue
Ortigas Center, Pasig City
We have audited in accordance with Philippine Standards on Auditing, the financial statements of
I-Remit, Inc. (the Parent Company) and have issued our report thereon dated March 23, 2012. Our
audits were made for the purpose of forming an opinion on the basic financial statements taken as a
whole. The accompanying Schedule of Retained Earnings Available for Dividend Declaration as of
December 31, 2011 is the responsibility of the Parent Company’s management. This schedule is
presented for the purpose of complying with Securities Regulation Code Rule 68.1 and Securities and
Exchange Commission Memorandum Circular No. 11, Series of 2008, and is not part of the basic
financial statements. This schedule has been subjected to the auditing procedures applied in the audit
of the basic financial statements and, in our opinion, fairly states in all material respects the financial
data required to be set forth therein in relation to the basic financial statements taken as a whole.
SYCIP GORRES VELAYO & CO.
Josephine Adrienne A. Abarca
Partner
CPA Certificate No. 92126
SEC Accreditation No. 0466-AR-1 (Group A),
February 11, 2010, valid until February 10, 2013
Tax Identification No. 163-257-145
BIR Accreditation No. 08-001998-61-2009,
June 1, 2009, valid until May 31, 2012
PTR No. 3174577, January 2, 2012, Makati City
March 23, 2012
SyCip Gorres Velayo & Co.
6760 Ayala Avenue
1226 Makati City
Philippines
Phone: (632) 891 0307
Fax: (632) 819 0872
www.sgv.com.ph
BOA/PRC Reg. No. 0001,
January 25, 2010, valid until December 31, 2012
SEC Accreditation No. 0012-FR-2 (Group A),
February 4, 2010, valid until February 3, 2013
*SGVMC116501*
A member firm of Ernst & Young Global Limited