In its 2025 Annual Audit Report, COA affirmed that the OVP's financial statements were presented fairly and complied with applicable accounting rules and financial reporting standards.
“In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of OVP as at December 31, 2025, and its financial performance, cash flows, changes in net assets/equity, and comparison of budget and actual amounts for the year then ended,” the Commission on Audit stated in its report.
The latest audit opinion came after the OVP posted a 92.32-percent utilization rate of its 2025 General Appropriations Act (GAA) budget, reflecting prudent fiscal management despite expanded operations and increasing demand for its public service programs.
An unmodified, or unqualified, opinion is the most favorable audit opinion that COA can issue. It signifies that an agency's financial statements are fairly presented in accordance with the prescribed financial reporting framework, including the International Public Sector Accounting Standards (IPSAS) and the International Standards of Supreme Audit Institutions (ISSAIs).
The fourth consecutive unmodified opinion underscores the OVP's sustained commitment to transparency, accountability, and responsible stewardship of public funds, while reinforcing its adherence to the principles of good governance and sound financial management.
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