Republic of the Philippines

COMMISSION ON AUDIT
Regional Office VI
Ungka I, Pavia, Iloilo

Telefax No. 033-329-2234

OFFICE OF THE REGIONAL DIRECTOR

June 9, 2022

RAUL F. MUYONG, ED. D.

SUC President III
Iloilo Science and Technology University
La Paz, Iloilo City

Dear Dr. Muyong:

Pursuant to Section 2, Article IX-D of the Constitution of the Philippines and Section 43 of
the Government Auditing Code of the Philippines (PD No. 1445), we are pleased to transmit
the report of our Auditors on the results of their audit of the accounts and operations of the
Iloilo Science and Technology University for the calendar year ended December 31, 2021.

The audit was made to ascertain the propriety of financial transactions and compliance of
the Agency with prescribed laws, rules and regulations, and to express an opinion on the
fairness of presentation of the financial statements. Furthermore, the audit was conducted in
accordance with International Standards of Supreme Audit Institutions (ISSAIs).

A qualified opinion was rendered on the fairness of presentation of the financial statements
in view of the significant findings as indicated in the Independent Auditor’s Report. The
details thereof including other observations and recommendations are discussed in Part II of
this report.

We request a status report on the actions taken on the audit recommendations within sixty
(60) days from the date of receipt hereof, pursuant to Section 91 of the General Provisions
of the General Appropriations Act of CY 2021 (RA No. 11518) using the attached form
entitled Agency Action Plan and Status of Implementation (AAPSI) as required under COA
Memorandum No. 2014-002 dated March 18, 2014.

We express our appreciation for the valuable support and cooperation extended by the
officials and staff of the Iloilo Science and Technology University Main and External
Campuses.

Very truly yours,

MERNE T. PEÑARANDA
Director IV
Regional Director
Copy furnished:

The President of the Republic of the Philippines

The Vice-President
The Senate President
The Speaker of the House of Representatives
The Chairperson – Senate Finance Committee
The Chairperson – Appropriations Committee
The Department of Budget and Management
The Commission on Higher Education
The Presidential Management Staff, Office of the President
The Malacañang Records Office
The National Library
The University of the Philippines Law Center
The COA Commission Central Library
The Commission Proper