Manila – The Institute for Labor Studies (ILS) received a general positive review during the 2021 Commission on Audit Exit Conference, which was held last March 22, via a hybrid meeting in person and through the virtual platform Zoom.
In full attendance were the ILS employees led by its Executive Director Ahmma Charisma Lobrin-Satumba and Deputy Executive Director Mary Grace L. Riguer. The Commission on Audit (COA) team was led by State Auditor IV Ma. Moonyeen G. Espino and joined by Audit Team Leader Jan Florenz M. Quimson, and State Auditing Examiners Marlon R. Raneses, Dhayana Marie M. Bustillo, and Lany T. Arrojo.
The COA Team reported through Audit Observation Memorandum No. 2022-003 that the Institute accomplished its Organizational Outcome by completing 9 research papers, which exceeded its target of 8 research papers for 2021 with an accomplishment rate or 113%. ILS also produced 268 technical reports and papers before its deadline at a rate of 98.53%, exceeding its 80% target. This figure is based on a total of 272 requests received for 2021.
The COA team also reported that the ILS has consistently complied with the applicable BIR, GSIS, PhilHealth, and PAG-IBIG rules, and regulations for all its employees, suppliers, contractors, where all shares were remitted to the concerned agencies within the periods specified by each regulation.
Generally, the said AOM detailed commendations for the Institute, but pending the response to the said AOM and the release of the official Annual Audit Report, the COA Team already announced that it is giving the Institute an unqualified opinion, meaning that the ILS’ financial statements are fairly and appropriately presented, without any identified exceptions, and in compliance with generally accepted accounting principles