NATIONAL
Advocates Philippines
COA Gives OVP Clean Audit Opinion For 2025
Photo credit: Inday Sara Duterte
The Commission on Audit (COA) has issued an unmodified opinion on the financial statements of the Office of the Vice President (OVP) for Calendar Year 2025, indicating that its financial reports were presented fairly in accordance with applicable government accounting standards.
In its Independent Auditor's Report dated June 16, 2026, COA said it audited the OVP's financial statements, including its financial position, financial performance, cash flows, changes in net assets or equity, comparison of budget and actual amounts, and accompanying notes for the year ended December 31, 2025.
The audit concluded that the OVP's financial statements "present fairly, in all material respects," the agency's financial position and financial performance in accordance with the International Public Sector Accounting Standards (IPSASs).
An unmodified opinion, also known as a clean audit opinion, is the highest opinion COA can issue on an agency's financial statements. It means the financial statements are fairly presented and comply with the applicable accounting standards. However, it does not automatically mean the agency is free from audit observations or recommendations on its operations and transactions.
COA said the audit was conducted in accordance with the International Standards of Supreme Audit Institutions (ISSAIs) and that the evidence obtained was sufficient and appropriate to support its opinion.
In a transmittal letter addressed to Vice President Sara Duterte, the commission requested the OVP to submit, within 60 days from receipt of the report, a status report on the actions taken regarding the audit recommendations through the required Agency Action Plan and Status of Implementation (AAPSI) form.
The transmittal letter also stated that the audit was conducted to determine the reliability of the agency's financial statements, assess compliance with applicable laws, rules, and regulations, recommend areas for improvement, and evaluate the implementation of previous audit recommendations.
The annual audit forms part of COA's regular examination of government agencies to ensure public funds are properly accounted for and that financial statements comply with established accounting standards.
In its Independent Auditor's Report dated June 16, 2026, COA said it audited the OVP's financial statements, including its financial position, financial performance, cash flows, changes in net assets or equity, comparison of budget and actual amounts, and accompanying notes for the year ended December 31, 2025.
The audit concluded that the OVP's financial statements "present fairly, in all material respects," the agency's financial position and financial performance in accordance with the International Public Sector Accounting Standards (IPSASs).
An unmodified opinion, also known as a clean audit opinion, is the highest opinion COA can issue on an agency's financial statements. It means the financial statements are fairly presented and comply with the applicable accounting standards. However, it does not automatically mean the agency is free from audit observations or recommendations on its operations and transactions.
COA said the audit was conducted in accordance with the International Standards of Supreme Audit Institutions (ISSAIs) and that the evidence obtained was sufficient and appropriate to support its opinion.
In a transmittal letter addressed to Vice President Sara Duterte, the commission requested the OVP to submit, within 60 days from receipt of the report, a status report on the actions taken regarding the audit recommendations through the required Agency Action Plan and Status of Implementation (AAPSI) form.
The transmittal letter also stated that the audit was conducted to determine the reliability of the agency's financial statements, assess compliance with applicable laws, rules, and regulations, recommend areas for improvement, and evaluate the implementation of previous audit recommendations.
The annual audit forms part of COA's regular examination of government agencies to ensure public funds are properly accounted for and that financial statements comply with established accounting standards.
Jul 2, 2026
We are dedicated storytellers with a passion for bringing your brand to life. Our services range from news and media features to brand promotion and collaborations.
Interested? Visit our
Contact Us page for more information. To learn more about what we offer, check out our latest article on services and opportunities.
