PAG-IBIG EARNS RECORD 6TH STRAIGHT UNQUALIFIED OPINION FROM COA

NAKUHA  ng Pag-IBIG Fund  ang  ikaanim  na unqualified opinion mula sa state auditors,  na sumira sa record  ng Fund sa  37 taon.

Sa buwan ng Hunyo,  nakapag-transmit  ang Commission on Audit (COA) ng kopya ng resulta ng audit sa mga acccount at transaction ng Pag-IBIG Fund para sa 2017 at 2016. Binigyan ng state auditors  ang Pag-IBIG ng panibagong unqualified opinion  na  isang best opinion  na  nakukuha  ng ahensiya ng gobyerno o korporasyon mula sa COA.

“In our opinion, the financial statements present fairly, in all material respects, the financial positions of HDMF as of December 31, 2017 and 2016, and its financial performance and its cash flows for the years then ended in accordance with Philippine Financial Reporting Standards (PFRS),” nakasaad sa Independent Auditor’s Report.

Ayon kay Secretary Eduardo D. Del Rosario, concurrent chairman  ng Housing and Urban Development Coordinating Council at Pag-IBIG Fund,: “This is Pag-IBIG Fund’s sixth consecutive unqualified opinion. This 6-peat achievement is yet another proof that Pag-IBIG Fund is working hard to serve our members while maintaining the sustainability of the Filipino workers’ fund which is in accord with the housing sector’s initiatives and President Rodrigo Roa Duterte’s directive to prioritize the delivery of reliable government services.”

“We, in Pag-IBIG, are delighted for having earned another unqualified opinion from COA. We concluded 2016 as a great year but our performance in 2017 was record-breaking, making it our best year ever!”,  pahayag ni Pag-IBIG Fund CEO Acmad Rizaldy P. Moti.

Nilinaw ni CEO Moti na ta­liwas sa mga ulat, ang Pag-IBIG home borrowers ay walang dapat ipagalala  na mawawala sa kanila ang kanilang mga bahay  base sa COA finding na 22,123 accounts ang hindi pa nababago mula sa Contracts to Sell (CTS) sa Real Estate Mortgage (REM).

“It is unfortunate that COA’s report has been misread. Let me clear things by saying that borrowers do not risk losing their homes on account of the non-conversion from CTS to REM. Pag-IBIG has safe-guards in place to ensure that the home loan borrower’s rights are always protected. For one, the CTS is assigned to Pag-IBIG Fund and annotated in the title as proof that the borrower purchased that property. Two, we can sanction developers who fail to meet the conversion timeline. Lastly and most importantly, Pag-IBIG itself can do the conversion by using the retention fee deducted from the de-veloper to make sure that these titles will be transferred under the names of the borrowers,”  pahayag pa nito.