ACWD RECEIVES COA’s “UNMODIFIED OPINION” FOR THE YEAR ENDED 2018
In the recently completed Annual Audit Report of Commission on Audit (COA) on the Alaminos City Water District for the Year Ended December 31, 2018, the Commission rendered an UNMODIFIED OPINION on the fair presentation of the Financial Statements as to the financial position, the results of its operations and cash flows for the year ended December 31, 2018, in conformity with the Philippine Financial Reporting Standards (PFRS). This is according to the letter of COA Regional Director Michael R. Bacani to the Board of of Directors and Management of ACWD, dated May 21, 2019.
According to saonm.org (State Auditor’s Office of New Mexico), Unmodified Opinion is rendered when the auditor concludes that the financial statements of a given entity are presented fairly, in all material respects, in accordance with generally accepted accounting principles.
Kudos to the men and women of ACWD who worked hand in hand to achieve this commendable Financial Report standing.
Note: Please visit our website: www.acwd.gov.ph for the complete details of ACWD’s Financial Statement and other related reports.