The Commission on Audit (COA) Pampanga has found the city government’s financial accounts and operations for fiscal year 2021 to be acceptable. 

This, after COA conducted financial and compliance audit for 2021. 

In a report submitted by COA Pampanga Audit Team Leader Ronnie Pangilinan to Supervising Auditor Josefina Serrano, the audit has rendered “a qualified opinion on the fairness of Mabalacat City’s financial statements presentation.”

“The audit was conducted to ascertain the level of assurance that may be placed on management’s assertion on the financial statements; recommend agency improvement opportunities; and to determine the extent of implementation of prior year’s unimplemented audit recommendations,” the report stated

Pangilinan said the results of their audit consist of four parts: Audited Financial Statements; Observations and Recommendations; Status Implementation of Prior Year’s Unimplemented Audit Recommendations and Appendices. 

“Our audit was conducted in accordance with the International Standards of Supreme Audit Institutions (ISSAIs) and we believe that it provides reasonable basis for the results of the audit,” he said.

The financial and compliance audit on the accounts and operations of Mabalacat City for the year ended December 2021 was conducted in compliance with Section 2, Article IX-D of the Philippine Constitution and Section 43 of Presidential Decree No.1445.

“We acknowledge the cooperation extended to us by the officials and staff of Mabalacat City,” Pangilinan ended. (MCN)

Photo: MCN photo file