Republic of the Philippines

COMMISSION ON AUDIT
LGS – Nueva Ecija B and Aurora Province
Audit Team R3 - 27

February 28, 2019

MS. VIRGINIA A. YACAT

OIC – Supervising Auditor
LGS – Nueva Ecija B and Aurora Province
PSAO, Palayan City, Nueva Ecija

Madam:

In compliance with Section 2, Article IX-D of the Philippine Constitution and

pertinent sections of Presidential Decree No. 1445, we conducted a financial and
compliance audit on the accounts and operations of the Municipality of Laur, Nueva Ecija
for the year ended December 31, 2018.

The audit was conducted to ascertain the propriety of financial transactions and
compliance of the Province to prescribed rules and regulations. It was also made to
ascertain the accuracy of financial records and reports, as well as the fairness of the
presentation of the financial statements.

The results of our audit are embodied in the attached report consisting of four parts:
Part I- Audited Financial Statements, Part II- Detailed Observations and
Recommendations, Part III- Status of Prior Years’ Unimplemented Audit
Recommendations and Part IV- Annexes. The observations and recommendations were
discussed with concerned management officials and staff at various occasions during the
audit.

We rendered an modified opinion on the fairness of presentation of the financial

statements of the Municipality of Laur for reasons stated in the Independent Auditor’s
Report.

Our audit was conducted in accordance with International Public Sector Standards
on Auditing and we believe that it provides reasonable bases for the results of audit.

Very truly yours,

HADIYAH A. ALIÑO
State Auditor II
OIC - Audit Team Leader