REPUBLIC OF THE PHILIPPINES COMMISSION ON AUDIT COMMONWEALTH AVENUE, QUEZON CITY NATIONAL GOVERNMENT AUDIT SE: TURE CLUSTER 7 — PUBLIC WORKS, TRANSPORT AND ENERGY June 22, 2023 Atty. ROMANDO S. ARTES Acting Chairman: Metropolitan Manila Development Authority MMDA Building, Julia Vargas Ave. cor Molave St. Brgy. Ugong, Pasig City Dear Atty. Artes: We are pleased to transmit the Annual Audit Report (AAR) on the Metropolitan Manila Development Authority for the Calendar Year 2022 in compliance with Section 2, Arsicle IX-D of the Philippine Constitution and Section 43 of Presidential Decree No. 1445, otherwis: known as the Government Auditing Code of the Philippines. The audit was conducted in accordance with International Standards of Supreme Audit Institutions (ISSAIs) to (a) verify the level of assurance that may be placed on the Management's assertions on the financial statements; (b) determine the propriety of transactions as well as the extent of compliance with applicable laws, rules and regulations; (c) recommend agency improvement opportunities; and (@) determine the extent of implementation of prior year’s audit recommendations. The attached Report consists of the Executive Summary, the Independent Auditor's Report, the audited Financial Statements, the Observations and Recommendations, and the Status o” Implementation of Prior Year’s Audit Recommendations which were discussed with the Management cfficials and staff concemed, Pursuant to Section 97 of the General Provisions of the General Appropriations Act of FY 2022 (RA No. 11639), we request for the status report on the action taken on the audit recommendations to be submitted within 60 days from receipt hereof, using the attached 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 ‘o the audit team by the officials and staff of the Agency. Very truly yours, ‘CILA MLASIDRO- rector IV.REPUBLIC OF THE PHILIPPINES. =— COMMISSION ON AUDIT aye ‘COMMONWEALTH AVENUE, QUEZON CITY fice of the C _ NATIONAL GOVERNMENT AUDIT SECTOR * TE hah, CLUSTER 7 — PUBLIC WORKS, TRANSPORT AND ENERGY “77 u Sune 22, 2023 Atty. ROMANDO S. ARTES Acting Chairman Metropolitan Manila Development Authority MMDA Building, Julia Vargas Ave. cor Molave St. Brgy. Ugong, Pasig City Dear Atty. Artes: We are pleased to transmit the Annual Audit Report (AAR) on the Metropolitan Manila Development Authority for the Calendar Year 2022 in compliance with Section 2, Avticle IX-D of the Philippine Constitution and Section 43 of Presidential Decree No. 1445, otherwise known as the Government Auditing Code of the Philippines. The audit was conducted in accordance with International Standards of Supreme Audit Institutions (ISSAIs) to (a) verify the level of assurance that may be placed on the Management's assertions on the financial statements; (b) determine the propriety of transactions as well as the extent of compliance with applicable laws, rules and regulations; (c) recommend agency improvement opportunities; and (d) determine the extent of implementation of prior year’s audit recommendations. The attached Report consists of the Executive Summary, the Independent Auditor's Report, the audited Financial Statements, the Observations and Recommendations, and the Status of Implementation of Prior Year's Audit Recommendations which were discussed with the Management officials and staff concerned. Pursuant to Section 97 of the General Provisions of the General Appropriations Act of FY 2022 (RA No. 11639), we request for the status report on the action taken on the audit recommendations to be submitted within 60 days from receipt hereof, using the attached Agency Action Plan and Status of Implementation (AAPSI) as required under COA Memorandum No. 2014-002 dated Merch 18, 2014, ‘We express our appreciation for the valuable support and cooperation extended to the audit team by the officials and staff of the Agency. Very truly yours, CILA MASIDR wo