On July 17, 2024, at 9:00 AM, Loida Bialno, CPA took her solemn oath as an accredited external auditor, with the ceremony overseen by the OIC Regional Director, Felicidad R. Cenon, PhD.
The oath-taking ceremony, highlights the external auditors’ dedication and commitment to upholding the standards of financial integrity and accountability within the cooperative sector. Dr. Cenon, emphasized the critical role that accredited external auditors play in the governance and operational efficacy of cooperatives.
As an accredited external auditor for the Cooperative Development Authority, their responsibilities encompass a broad spectrum of duties vital to the financial health and transparency of cooperatives. Their role includes conducting comprehensive audits of cooperative financial statements, ensuring compliance with regulatory requirements, and providing an unbiased assessment of financial practices. These audits are instrumental in identifying potential areas of improvement, safeguarding assets, and fostering trust among cooperative members and stakeholders.
The integrity and thoroughness of our external auditors are paramount in maintaining the credibility of our cooperatives. This appointment is a testament to their professional expertise and unwavering commitment to these principles.
Accredited external auditors must be committed to ensuring that cooperatives operate with the highest standards of financial accuracy and accountability, thereby promoting sustainable growth and development within the sector.
The CDA-CAR EO’s approval of CEA applications and subsequent oath-taking marks a significant step forward in enhancing the audit processes of cooperatives in the region. It reinforces the CDA’s mission to support cooperatives through stringent financial oversight and guidance, ultimately contributing to the robust economic progress of the Cordillera Administrative Region.
The CDA CAR EO together with the cooperative community looks forward to the positive impact that their expertise and integrity will bring to the cooperative sector. – AGTBadua
