The Bureau of Customs said Friday it received an unmodified opinion, also known as an unqualified opinion, on its financial statements, the highest evaluation granted by the Commission on Audit to government agencies, indicating strong internal controls and ensuring the accuracy and integrity of the financial statements.
BOC Commissioner Bienvenido Rubio said in a statement this recognition demonstrated the agency’s full compliance with the International Public Sector Accounting Standards.
“After more than two decades, we have been recognized for our audit compliance,” Rubio said.
Specific recognition was given to the Accounting Division of the Internal Administration Group, the Revenue Accounting Division of the Revenue Collection Monitoring Group and the Collection Districts for their diligent work.
Their unwavering commitment and attention to detail have been instrumental in achieving this milestone, he said.
Rubio expressed gratitude to the COA auditors for their partnership in effecting meaningful change within the Customs. He acknowledged their audit observation memoranda and audit findings, which provided valuable guidance and served as reminders of the Customs’ responsibility for the proper management of public funds and resources.
He said the agency remained steadfast in upholding strong financial controls and delivering exceptional services to the public.
He said the recognition from the COA reinforced the Customs’ unwavering commitment to transparency, accountability and responsible stewardship of public resources.
