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SEC maintains highest COA audit mark for 4th straight year

SEC maintains highest COA audit mark for 4th straight year - Philippine Canadian Inquirer Nationwide Filipino Newspaper

SEC maintains highest COA audit mark for 4th straight year

MANILA - The Securities and Exchange Commission (SEC) has received an "unmodified opinion" from the Commission on Audit (COA) for the fourth consecutive year, a testament to the commission's transparent and sound management of public funds. In an independent auditor's report, state auditor Concepcion Reyes rendered an "unmodified opinion," also known as an "unqualified opinion," on the fairness of the presentation of the commission's 2021 financial statements. "In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the SEC as at December 31, 2021, and its financial performance, changes in net assets/equity, cash flows, comparison of budget and actual amounts for the year then ended, and notes to financial statements, in accordance with the International Public Sector Accounting Standards (IPSAS)," the report read. The audit was conducted in accordance with the Internat

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