The San Juan City government’s financial performance, cash flows, changes in net assets/equity comparison of budget and actual amounts for 2020 have met International Public Sector Accounting Standards, the Commission on Audit has revealed.
“In our opinion, except for the effects and possible effects of the matters described in the Basis for Qualified Opinion section of our report, the accompanying financial statements present fairly in all material respects, the financial position of the City of San Juan, as at December 31, 2020 and its financial performance, cash flows, changes in net assets/equity comparison of budget and actual amounts for the year then ended and its notes to financial statements in accordance with...
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