The Commission on Audit (COA) has lauded the Metropolitan Manila Development Authority (MMDA) for its transparent presentation of its financial statements for four years in a row since 2019. ManilaBulletin
The COA’s unqualified opinion, according to MMDA chairman Don Artes, is part of the agency’s commitment and dedication to the proper management and use of public funds."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," said Artes.
In its report, COA said the latest financial statement presented by the MMDA for 2022 was in accordance with the International Public Sector Actual Amounts for the year then ended Accounting Standards . Artes said the positive feedbacks the MMDA received from the COA only motivated them to continue pushing for programs and policies pursuant to its mandates and functions.
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