Just look for the following icons as you answer the Q&A to know more about the question and our suggested answer if you're feeling stuck.
What is this?
Click this icon for helpful information about the question
Click this icon to know what is the recommended answer based on similar contracts and industry practice
Things you need to know about Certification under oath of President and Treasurer (for submission of financial statement).
1. What is a Certification under Oath?
The Certification is an affidavit executed by the corporation’s president and treasurer certifying that the information contained in the corporation's financial statement for a specific year is true and correct to the best of their knowledge.
The Certification is normally required by government agencies (e.g. the Bureau of Internal Revenue, Securities and Exchange Commission) if the financial statement is not audited or there is no accompanying auditor's report to the financial statement. This is normally allowed only when the corporation's gross sales / income do not reach a certain amount.
2. What information do you need to create your Certification under Oath?
To create your Certification you’ll need the following minimum information:
The details of the corporation’s president and treasurer (e.g. name)
The corporation’s name and address
Details of the financial statement (e.g. year covered, number of pages)
3. How much is the document?
The document costs PhP 350 for a one-time purchase.
You can also avail of Premium subscription at PhP 1,000 and get (a) unlimited use of our growing library of documents, from affidavits to contracts; and (b) unlimited use of our “Ask an Attorney” service which lets you consult an expert lawyer anytime for any legal concern you have.
9 Eymard Drive, New Manila Quezon City Owned and operated by JCArteche’s Online Documentation & Referral Services