BOC receives highest audit evaluation for 2nd straight year

The Bureau of Customs (BOC) on Wednesday said it has received an unmodified opinion on its Financial Statements for the second consecutive year.

In a news release, the BOC said the unmodified opinion evaluation was issued by the Commission on Audit (COA) for its financial reporting for 2023.

The agency said the audit evaluation underscores its commitment to financial transparency and accountability.

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 (IPSASs).

The BOC said the two consecutive unmodified opinions by the COA reflects its 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," said Customs Commissioner Bienvenido Rubio.

Moving forward, the BOC said it is determined to sustain the same level of commitment in its operational and financial transparency and accountability.

The agency said it 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.” —RF, GMA Integrated News