Professional Documents
Culture Documents
Independent Auditor
On November 8, 1982, CASA Montessori International opened Current
Account No. 0291-0081-01 with BPI, with CASAs President Ms. Ma. Carina C.
Lebron
as
one
of
its
authorized
signatories.
In 1991, after conducting an investigation, CASA Montessori discovered
that nine (9) of its checks had been encashed by a certain Sonny D. Santos since
1990 in the total amount of P782,000.00, on the following dates and amounts:
Check
1.
No.
839700
Date
April
24,
Nov.
Amount
1990
P43,400.00
2.
839459
3.
839609
4.
839549
April
7,
1990
90,700.00
5.
839569
Sept.
23,
1990
52,277.00
6.
729149
Mar.
7.
729129
8.
839684
9.
729034
Total
--
Oct.
Mar.
2,
1990
110,500.00
17,
1990
47,723.00
22,
16,
Dec.
Mar.
1990
1,
2,
148,000.00
1990
51,015.00
1990
140,000.00
1990
98,985.00
P
782,600.00
Branch [was] a fictitious name used by third party Leonardo T. Yabut who worked
as external auditor of CASA. Leonardo T. Yabut voluntarily admitted that he
forged the signature of Ms. Lebron and encashed the checks. The PNP Crime
Laboratory conducted an examination of the nine (9) checks and concluded that
the handwritings thereon compared to the standard signature of Ms. Lebron
were
not
written
by
the
latter.
On March 4, 1991, CASA Montessori filed the Complaint for Collection
with Damages against BPI bank praying that the latter be ordered to reinstate
the amount of P782,500.00 in the current and savings accounts of CASA
Montessori with interest at 6% per annum. (BANK OF THE PHILIPPINE
ISLANDS vs. MONTESSORI, G.R. No. 149454. May 28, 2004, PANGANIBAN,
J.)
Did
Yabut
do
his
responsibility
as
independent
auditor?