Receiving an unqualified opinion from auditors
Receiving an unqualified opinion from auditors is a testament to the strong financial management practices of Angat Buhay. It is a result of the organization’s dedication to maintaining transparency and accountability in all aspects of its operations. This achievement is particularly noteworthy considering the challenges faced by NGOs in the Philippines, where corruption and mismanagement of public funds have been pervasive issues.
The auditors, Sycip, Gorres, Velayo & Co. (SGV)
The auditors, Sycip, Gorres, Velayo & Co. (SGV), are renowned for their rigorous and thorough audit processes. Their assessment of Angat Buhay’s financial statements provides a high level of assurance to the organization’s stakeholders, including donors, partners, and beneficiaries. It confirms that the funds entrusted to Angat Buhay are being utilized effectively and efficiently to make a positive impact on the lives of the people it serves.
An example for other NGOs
Moreover, this achievement sets an example for other NGOs in the country and beyond. It emphasizes the importance of transparency and accountability in the NGO sector, where public trust and credibility are paramount. By adhering to stringent financial controls and maintaining a commitment to good governance, Angat Buhay demonstrates that it is possible to operate with integrity and ensure the proper use of funds, even in challenging environments.
The significance of this announcement
The significance of this announcement extends beyond the immediate impact on Angat Buhay. It serves as a reminder of the crucial role that NGOs play in addressing social issues and providing assistance to marginalized communities. The credibility and effectiveness of these organizations are directly tied to their ability to maintain transparency and accountability in their operations. By receiving an unqualified opinion, Angat Buhay not only validates its own financial management practices but also contributes to the overall credibility of the NGO sector.
Source: The Manila Times
