The Bureau of Customs (BOC) stated Friday it obtained an “unqualified opinion” on its monetary statements for 2022 from state auditors.
In an announcement, the BOC stated the audit opinion from the Commission on Audit (COA) indicated “strong internal controls and ensuring the accuracy and integrity of the financial statements.”
“This recognition demonstrates the BOC’s full compliance with the International Public Sector Accounting Standards,” the Customs stated.
An “unmodified opinion,” additionally known as “unqualified opinion,” is issued by the COA when the state auditors conclude that the monetary statements are ready, in all materials respects, in accordance with the relevant monetary reporting framework.
Customs Commissioner Bienvenido Rubi stated that “after greater than 20 years, now we have been acknowledged for our audit compliance.”
The BOC stated particular recognition was given to the bureau’s Accounting Division of the Internal Administration Group (IAG), the Revenue Accounting Division of the Revenue Collection Monitoring Group (RCMG), and the Collection Districts for his or her diligent work.
Rubio likewise acknowledged the COA’s Observation Memoranda and audit findings, which supplied invaluable steering and served as reminders of the BOC’s duty for the correct administration of public funds and assets.
“The Bureau of Customs remains steadfast in upholding strong financial controls and delivering exceptional services to the public. This recognition from the COA reinforces the BOC’s unwavering commitment to transparency, accountability, and responsible stewardship of public resources,” stated Rubio. — DVM, GMA Integrated News
Source: www.gmanetwork.com
