The recent Audit Exit Conference with the Commission on Audit (COA) showed that DOST- Forest Products Research and Development Institute (DOST-FPRDI) is compliant with COA’s regulations in disbursing public funds and financial reporting.
The COA commended the Institute’s Accounting Section for its performance despite being on an alternative work arrangement last year. Auditor Edlyne A. Rosete explained that the Section was able to significantly reduce the number of unreconciled balances in 2021.
The Institute was also praised for heeding the previous year's recommendations with a 40% compliance rating, which is 10% higher than COA’s minimum requirement. This is one of the key requirements in the granting of the Performance-Based Bonus (PBB).
The Audit Exit Conference is done yearly to present COA’s audit findings. DOST-FPRDI’s excellent performance affirms its accountability and transparency in its financial transactions.
The Audit Exit Conference was held last 18 April 2022 and attended by DOST-FPRDI Management and staff: Dr. Romulo T. Aggangan, Dr. Rico J. Cabangon, Dr. Loreto A. Novicio, Dr. Maria Cielito G. Siladan, Engr. Victor G. Revilleza, Mr. Fernando C. Pitargue Jr., Mr. Miguel C. Herrera, Ms. Rizza W. Vardeleon, Ms. Cecilia A. Baltazar, Ms. Felisa I. Inabangan; and COA Auditors Ms. Flora H. Arcoirez, Ms. Edlyne A. Rosete, and Ms. Cindy Faith R. Abordo. ### (Apple Jean C. Martin- de Leon, 25 April 2022)