Republic of the Philippines COMMISSION ON AUDIT Commonwealth Abenue, Quezon City, Philippines National Government Sector Cluster C - Social Services September 30,2010 | tericr we seem | JOUER wT AR eos, DR. EMERLINDA R. ROMAN President University of the Philippines Diliman, Quezon City Madam: We are pleased to transmit the Consolidated Annual Audit Report on the University of the Philippines for the calendar year 2009 in compliance with Section 2, Article IX-D of the Philippine Constitution and Section 43 of Presider Decree No. 1445, otherwise known as the Government Auditing Code of the Philippines. The audit was made to ascertain the propriety of financial transactions, compliance of the Agency with prescribed laws, rules and regulations and the faimess of presentation of the financial statements. Furthermore, the audit was conducted in accordance with generally accepted auditing standards. We believe that our audit provides a reasonable basis for our opinion. ‘The attached report consists of the Audit Certificate, the audited Financial Statements, the Observations and Recommendations which were discussed with the ‘concerned Management officials and staff, and the Status of Implementation of Prior ‘Years’ Audit Recommendations, We request a status report on the actions taken on the audit recommendations ‘within sixty (60) days from the date of receipt hereof, pursuant to Section 95 of the General Provisions of the General Appropriations Act of 2009 (RA 9524), We express our appreciation for the valuable support and cooperation extended by the officials and staff of that Agency. Very truly yours) do Director 1V