Manila Bulletin
Philippines
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COA lauds MMDA anew for fair, transparent presentation of financial statements
Philippines
National
COA lauds MMDA anew for fair, transparent presentation of financial statements
COA lauds MMDA anew for fair, transparent presentation of financial statements
Published Jun 28, 2023 02:19 am
The Commission on Audit (COA) has lauded the Metropolitan Manila Development Authority (MMDA) for its transparent presentation of its financial statements for four years in a row since 2019.
The COA’s unqualified opinion, according to MMDA chairman Don Artes, is part of the agency’s commitment and dedication to the proper management and use of public funds.
photo: MMDA
"We take pride in the four-year streak of unqualified opinions we have received from COA. This audit rating is concrete proof of the MMDA’s transparent governance," said Artes.
"I thank the MMDA officials and employees for ensuring the effective and efficient delivery of the agency’s services and that public funds are efficiently utilized for the benefit of the public," he added.
In its report, COA said the latest financial statement presented by the MMDA for 2022 was in accordance with the International Public Sector Actual Amounts for the year then ended Accounting Standards (IPSASs).
"We believe that the audit evidence was sufficient and appropriate to provide a basis for our opinion,” the COA stated, in a a report penned by Supervising Auditor Atty. Reynaldo Darang.
Artes said the positive feedbacks the MMDA received from the COA only motivated them to continue pushing for programs and policies pursuant to its mandates and functions.
These include the establishment of a Disaster Preparedness Training Center, a Motorcycle Riding Academy, the use of body-worn cameras for traffic enforcers, the EDSA Elevated Walkway, Waste-to-Energy, and the Metro Manila Drainage Master Plan.
The MMDA has also transferred to its newly constructed New Head Office Building in Pasig City, a manifestation of its commitment to strengthen the organization and provide better services to all its partners and stakeholders.
photo: MMDA
"We take pride in the four-year streak of unqualified opinions we have received from COA. This audit rating is concrete proof of the MMDA’s transparent governance," said Artes.
"I thank the MMDA officials and employees for ensuring the effective and efficient delivery of the agency’s services and that public funds are efficiently utilized for the benefit of the public," he added.
In its report, COA said the latest financial statement presented by the MMDA for 2022 was in accordance with the International Public Sector Actual Amounts for the year then ended Accounting Standards (IPSASs).
"We believe that the audit evidence was sufficient and appropriate to provide a basis for our opinion,” the COA stated, in a a report penned by Supervising Auditor Atty. Reynaldo Darang.
Artes said the positive feedbacks the MMDA received from the COA only motivated them to continue pushing for programs and policies pursuant to its mandates and functions.
These include the establishment of a Disaster Preparedness Training Center, a Motorcycle Riding Academy, the use of body-worn cameras for traffic enforcers, the EDSA Elevated Walkway, Waste-to-Energy, and the Metro Manila Drainage Master Plan.
The MMDA has also transferred to its newly constructed New Head Office Building in Pasig City, a manifestation of its commitment to strengthen the organization and provide better services to all its partners and stakeholders.