MANILA – The Bureau of Customs (BOC) on Friday received the highest financial audit opinion from the Commission on Audit (COA) for its financial statements in 2022.
In a statement, BOC Commissioner Bienvenido Rubio said the COA’s “unqualified opinion” shows the commission’s “full compliance to International Public Sector Accounting Standards.”
“After more than two decades, we have been recognized for our audit compliance,” he said.
According to COA, an unqualified opinion (also referred to as unmodified opinion) is issued when the state auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework.
Rubio lauded the BOC’s accounting division for its “attention to detail,” which, he said, was crucial to attaining the highest audit opinion.
Likewise, he said the state auditors’ guidance and coordination with the BOC also contributed to securing accountable and strong internal control.
“This recognition from the COA reinforces the BOC’s unwavering commitment to transparency, accountability, and responsible stewardship of public resources,” Rubio said.
He also vowed to continue implementing responsible management of public funds and resources. (PNA)