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Laoag City accountant Loelyn Acain (Contributed photo) LAOAG CITY -Officials and employees of the Laoag City government were elated on Wednesday after the Commission on Audit (COA) in Region 1 rendered an unmodified opinion on the fairness of presentation of its financial statements from the year ending December 31, 2021. "This recognition will serve as an inspiration for us to continually serve the public with integrity, transparency, and efficiency in our office operations," city accountant Loelyn Acain said in an interview. The unmodified audit opinion is the highest rating given to a local government unit, covering its significant accounts and operations. It aims to ascertain the accuracy of financial records and reports in accordance with the provisions of the Philippine Public Sector Accounting Standards (PPSAS). Acain said COA's highest rating on the city government's financial records after a decade will encourage more investments the city while residents are

Laoag cityLoelyn acainMichael keonChevylle farinasNelda casasCommission on auditPhilippine public sector accounting standardsLaoag city general hospitalLaoag city accountant loelyn acain contributed photo officials and employees of the government were elated on wednesday after commission audit coa in region 1 rendered an unmodified opinion fairness presentation its financial statements from year ending december 31021 quot this recognition will serve as an inspiration for us to continually the public with integrityNd efficiency in our office operationsUot city accountant loelyn acain said in an interview the unmodified audit opinion is highest rating given toa local government unitOvering its significant accounts and operations it aims to ascertain the accuracy of financial records reports in accordance with provisions philippine public sector accounting standards ppsas acain said coa 39s highest rating on city government aftera decade will encourage more investments while residents are assured local effort ensure all transactions must conform guidelines set forth by authorities following her promotion as accountant last july 2021Cain said they seta goal and reviewed past audit reports findings to address several concerns she hopes that her team will continue work hard be able maintain the highest rating of coa acting budget officer nelda casas city government used pay bank around php14 million every three months because its outstanding loan balance for construction php348 laoag general hospital acquisition php100 worth equipment during term former mayor chevylle farinas effective this juneHe city government led by re elect mayor michael keon is already cleared with its outstanding loan balanceEning the city is now debt free meanwhile