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GCG RECEIVES OUTSTANDING ACCOUNTING OFFICE AWARD FOR 2018

POSTED LAST 29 Nov 2019 - 04:59 pm

GCG reaps Outstanding Accounting Office Award. The Association of Government Accountants of the Philippines, Inc. (AGAP), conferred the Governance Commission for GOCCs (GCG) with the Outstanding Accounting Office Award for year 2018 on 23 October 2019. AGAP awarded GCG for having exemplary met the criteria of Accuracy, Timeliness, Reliability and Compliance to Accounting Rules and Regulations set by the Committee on Awards. Shown in Photo (L-R) GCG Chief Accountant, Mr. Raul T. Abad; DBM Secretary, Mr. Wendel E. Avisado; DBM Undersecretary and AGAP President, Ms. Tina Rose Marie L. Canda; GCG Director, Mr. Jaypee O. Abesamis; GCG Supervising Administrative Officer, Mr. Raymond C. Ramos; COA Commissioner, Mr. Roland C. Pondoc, and AGAP Executive Vice-President, Ms. Ester A. Aldana.

The Association of Government Accountants of the Philippines, Inc. (AGAP), conferred the Governance Commission for GOCCs (GCG) with the Outstanding Accounting Office Award for the year 2018 on 23 October 2019.

Recognizing the quality, timeliness, and accuracy of the Governance Commission’s financial reports, AGAP granted the coveted award during the opening day ceremonies of the convention-seminar held in Cagayan de Oro City. Annually, AGAP recognizes exemplary accounting offices in the government during its technical seminar and convention. The said event promotes programs towards maintaining high professional and ethical standards. It also encourages continuing quality education among members and personnel in Accounting.

The Governance Commission was previously granted this award in the years 2015 and 2016.

Government instrumentalities, including Local Government Units (LGUs) and Government-Owned or-Controlled Corporations (GOCCs), can be conferred with the Accounting Office Award upon the nomination of the Commission on Audit (COA). The COA nominates exemplary government instrumentalities that meet all the criteria in the submission of financial reports, including reliability and compliance with accounting rules and regulations.

The Governance Commission was among the forty-one conferred with the Most Outstanding Accounting Office Award for 2019.

Consistent with this achievement, the GCG also received an “Unqualified Opinion” on the 2018 Auditor’s Report by the COA. Since 2015, the COA has been issuing an Unqualified Opinion to the GCG as the latter consistently presented its financial statements following the Generally Accepted Accounting Principles and Philippine Public-Sector Accounting Standards. 

For media contact:

Kristine Joyce B. Reaño

(02) 328 – 2030 to 34 local 442

kjbreano@gcg.gov.ph

www.gcg.gov.ph