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Cebu town earns highest audit rating from COA


Published June 3, 2021, 2:42 PM
MAP of Liloan, CebuCEBU CITY – For the third time, the municipality of Liloan in northern Cebu earned the highest audit rating from the Commission on Audit (COA).
COA granted Liloan an “unqualified opinion” per its examination of the local government unit’s 2020 financial statements.
An unqualified or unmodified opinion is issued by an auditor upon a conclusion that that financial statements, as a whole, are free from material misstatements, which could arise from either fraud or error.
In a May 31 letter addressed to Liloan Mayor Christina Frasco, COA “expressed an unqualified opinion on the fairness of the presentation of the financial statements of the Municipality of Liloan, Cebu.” “In our opinion, the combined financial statements present fairly, in all material respects, the financial position of the Municipality of Liloan as at December 31, 2020, and its financial performance, its cash flows, and its comparison ....

Misamis Occidental , Maria Daisyo Bercede , Christina Frasco , Gwendolyn Garcia , Commission On Audit , Liloan Mayor Christina Frasco , Philippine Public Sector Accounting Standards , Auditor Maria Daisy , Most Resilient Municipality , குவெண்தொளிய்ன் கார்சியா , தரகு ஆன் தணிக்கை , பிலிப்பைன் பொது துறை கணக்குவைப்பு முறை தரநிலைகள் , பெரும்பாலானவை நெகிழக்கூடிய நகராட்சி ,