MMDA receives 4th unqualified opinion from COA

The Metropolitan Manila Development Authority (MMDA) has received its fourth unqualified opinion recognition from the Commission on Audit (COA), the agency announced.

In a press statement, the agency explained that the honor was given due to the fair presentation of its financial statements for the fiscal year 2022.

“We take pride in the four-year streak of unqualified opinions we have received from COA. This audit rating is concrete proof of the MMDA’s transparent governance,” MMDA Acting Chairman Atty. Romando Artes was quoted saying.

“I thank the MMDA officials and employees for ensuring the effective and efficient delivery of the agency’s services and that public funds are efficiently utilized for the benefit of the public,” he added.

Further, the MMDA revealed that the COA transmitted a copy of the Independent Auditor’s Report — penned by Supervising Auditor Atty. Reynaldo Darang — to the department, which cited that “the accompanying financial statements present fairly, in all material respects, the financial position of the MMDA as of December 31, 2022, and its financial performance, changes in net assets/equity, cash flows, and the comparison of budget and actual amounts for the year then ended in accordance with International Public Sector Accounting Standards.”

“We believe that the audit evidence was sufficient and appropriate to provide a basis for our opinion,” added Darang.

Under Artes’ leadership, the agency has implemented innovative initiatives such as the establishment of a Disaster Preparedness Training Center, a Motorcycle Riding Academy, the use of body-worn cameras for traffic enforcers, the EDSA Elevated Walkway, Waste-to-Energy, and the Metro Manila Drainage Master Plan, among others.

Additionally, the MMDA has transferred to its newly constructed head office building in Pasig City, which symbolizes the manifestation of its commitment to strengthen the organization and provide better services to all its partners and stakeholders.

Photos from the Metropolitan Manila Development Authority

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