THE Commission on Audit (COA) has consistently provided an unmodified opinion on the fairness of Makati City’s financial statement presentation for eight consecutive years.
“This latest audit report from COA is another crowning glory for my administration. It is an indisputable proof of our genuine and unstinting commitment to the pillars of good governance: efficiency, transparency, and accountability,” Mayor Abigail Binay said.
The city government earned its first unmodified audit opinion in 2017, Binay’s first year in office.
The latest audit result was relayed by lawyer Maria Carmina Paulita Pagayawan, director of the Local Government Audit Sector, COA National Capital Region, in a letter to Binay’s office.
“In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the City of Makati as at December 31, 2024, and its financial performance, cash flows, and charges in net assets/equity for the year then ended and notes to financial statements, in accordance with International Public Sector Accounting Standards,” Pagayawan’s letter read.
Binay commended the city finance sector and all the other departments and offices of the city government for ensuring their respective operations and transactions consistently adhered to the regulatory policies and guidelines of COA.
“I gladly share this extraordinary achievement with all our department and office heads, and our entire city workforce. Your diligence and commitment have been crucial in ensuring our strict compliance with relevant auditing laws