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Resolution:Jerome Victor Ballesteros as Independent Auditor

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Approved (7−0) on 28 March 2015

WHEREAS, Wikimedia Philippines (the "Corporation") needs to maintain the regular services of a certified public accountant to ensure among others its compliance with all pertinent regulations of the Bureau of Internal Revenue (BIR), Securities and Exchange Commission (SEC) and other funding agreements;

WHEREAS, the Corporation needs to restate its financial statements for the fiscal years 2010, 2011 and 2012 with all the accompanying attachments required by the BIR and SEC;

WHEREAS, the Corporation needs to have its 2013 and 2014 financial records examined and reviewed by an independent auditor to complete its financial statements for the said years, with the latter due for filing with the BIR and SEC on April 15, 2015 and May 8, 2015,[1] respectively;

WHEREAS, fully-compliant financial statements throughout the years will help the Corporation secure a Tax Exemption Ruling as per BIR's RMO 20-2013;[2]

WHEREAS, Section 4, Articles VI of the By-laws mandates that "(t)he financial record of the Corporation shall be subject to an annual audit by an independent auditor with an accreditation from the Board of Accountancy and the Bureau of Internal Revenue;

WHEREAS, the Board has received and reviewed information with regard to the qualifications and services offered by Jerome Victor Ballesteros, a certified public accountant with accreditation from the Board of Accountancy and the BIR;

WHEREAS, Joseph Ballesteros, President and Chairman of the Board of Trustees from 2011 to 2012 affirmed that he is not related with Jerome Victor Ballesteros;

NOW THEREFORE, it is hereby RESOLVED, that Jerome Victor Ballesteros is hereby appointed as Independent Auditor of Wikimedia Philippines for the purpose of conducting and examining the Corporation's financial books, procedures, records and other pertinent documents, and the preparation and certification of the Corporation's financial statements;

RESOLVED FURTHER, that the Independent Auditor shall also be contracted for the purpose of ensuring the compliance of the Corporation with the Bureau and Internal Revenue, Securities and Exchange Commission and its other funding agreements.

Notes