VP Binay’s office bags outstanding accounting office award

October 26, 2012 10:53 pm 

MANILA, Oct. 26 — The Accounting Department of the Office of the Vice President bagged again the award as one of the most outstanding accounting offices in the country this year, the OVP said.

The OVP team received the same award last year from the Association of Government Accountants of the Philippines Inc., through the recommendation of the Commission on Audit.

COA chooses government agencies based on the quality, timeliness and accuracy of their financial year reports.

“COA’s recommendation for our accounting team validates the efforts of our office in observing honest and transparent governance,” Vice President Jejomar C. Binay said.

“We intend to maintain, if not exceed, this level of efficiency in our accounting processes so as to support and further President Benigno Aquino’s reform agenda,” he added.

In its 2011 Audit Performance Summary Report, COA gave the OVP an “unqualified opinion” on its financial statements.

An auditor gives an unqualified opinion when a financial report presents a true and fair view of an office’s financial condition, position and operations.

Aside from OVP, 15 other government agencies also received the Outstanding Accounting Office award. These included the Film Development Council of the Philippines; the Tariff Commission; the Philippine National Volunteer Service Coordinating Agency; the Food and Nutrition Research Institute; the Metals Industrial Research and Development Center; the National Academy of Science and Technology; the Philippine Council for Health Research and Development; the National Council for Children’s Television; and the National Book Development Board.

Also awarded were San Carlos City, Negros Occidental; Villasis, Pangasinan; Aurora, Isabela; Orion, Bataan; Binalbagan, Negros Occidental; and Monkayo, Compostela Valley.

The OVP team and other agencies received their awards during the opening ceremonies of the AGAP convention-seminar in Cebu on Oct. 24. (PNA)

SCS/BGJR/JCF

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