NWPC Earns Clean Audit Rating for 2025 Financials

The National Wages and Productivity Commission (NWPC) received a clean audit opinion for its 2025 financial statements from the Commission on Audit (CoA), according to an annual report. This signifies that the financial statements present a true and fair view of the agency's financial position. However, state auditors also flagged inventory and record-keeping deficiencies across four of the agency's Regional Tripartite Wages and Productivity Boards (RTWPB) in Regions II, Calabarzon, Central Visayas, and Davao Region. In the executive summary of the 2025 audit report, auditors directed NWPC management to address accounting omissions in property identification, stock card maintenance, and inventory issuance tracking. Agency officials have agreed to adopt perpetual inventory accounting methods and enforce standard property controls moving forward to rectify these issues. Perpetual inventory systems allow for real-time tracking of inventory levels, improving accuracy and reducing discrepancies. Despite these operational gaps, the CoA rendered an unmodified opinion on the NWPC’s overall financial statements, confirming their fair presentation in line with international accounting standards. This clean opinion is a positive indicator of the agency's financial management. The audit body further commended the Department of Labor and Employment-attached agency for its fiscal efficiency. The NWPC obligated P390.67 million of its P399.08 million adjusted budget, achieving a high utilization rate of 97.89%. This indicates effective management of allocated funds. Audits of public agencies in the Philippines are a critical mechanism for ensuring transparency, accountability, and the efficient use of public funds. The NWPC's case presents a balanced view, acknowledging its sound financial reporting while also pointing to areas where operational procedures can be strengthened. Addressing these identified deficiencies will further enhance the agency's governance and service delivery.