The Bureau of Customs (BOC) has achieved an unmodified opinion on its financial statements for the second consecutive year, demonstrating its commitment to financial transparency and accountability.
The bureau said in a statement that the evaluation was issued by the Commission on Audit (COA), underscoring the BOC’s adherence to the highest standards of financial reporting for the year 2023.
An unmodified opinion, the highest audit evaluation granted by the COA, signifies that the financial statements are prepared, in all material respects, in accordance with International Public Sector Accounting Standards.
These consecutive recognitions by the COA reflects the agency’s proactive measures in strengthening its financial systems, enhancing internal controls and promoting a culture of transparency and accountability.
“The BOC-COA auditors have consistently been our partners in driving meaningful change.
Their guidance and reminders have reinforced our responsibilities as public servants, emphasizing that we are accountable for public funds and resources,” customs commissioner Bienvenido Rubio said.
Looking ahead, the BOC said it is determined to sustain this level of excellence and continue its pursuit of operational and financial improvements. “The agency will remain vigilant in its efforts to uphold the highest standards of financial reporting and accountability, ensuring that public funds and resources are managed with the utmost care and responsibility,” the bureau said.
