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In their press conference this April 24, 2025, the Commission on Financial Audit (CFA) gave The Access Point an ‘unqualified opinion’ for their financial statements for the second semester of the academic year 2024-2025. The Access Point had previously received a ‘qualified opinion’ during the previous financial audit for the first semester.

Based on the audit handbook of the Junior Philippine Institute of Accountants and Auditors – United (JPIAA-U) of Holy Angel University, an ‘unqualified opinion’ is issued when auditors conclude that the financial statements are presented accurately and fairly, and that no material misstatements and discrepancies were found. A ‘qualified opinion’ is rendered whenever there are limitations or exceptions that prevent the auditors from giving an unqualified endorsement of the financial statement.

On the other hand, an ‘adverse opinion’ is given if there are material misstatements in the financial statement or if there is failure to comply with the reporting guidelines that do not present a true and fair view of their finances. If an organization presents incomplete or inadequate records that makes the auditors unable to express an opinion on their finances, they are then issued with a ‘disclaimer of opinion’.

According to the official independent auditor’s report, a net 0% difference was cited by the report on the cash receipts and cash disbursements found on the financial statement of The Access Point, with only Php 0.10 difference found between the reported amount and the audited amount of the publication’s budget forwarded from the first semester.

The report thus concluded that the financial statement of The Access Point had a “true and fair view” of their finances and that it is ”in agreement with the necessary source documents”, as the information provided were presented properly in the material aspect.

Despite this, the official report still gave comments on the publication’s financial statement, namely: (1) requesting to issue Acknowledgment Reports or Petty Cash Vouchers for online transactions, (2) an instruction to arrange the notes in single chronological manner for better understanding, and (3) to ensure proper arrangement of supporting documents.

Along with The Access Point, other institutions from the School of Computing had also received an ‘unqualified opinion’, including Code Geeks (CG) and League of Outstanding Programmers (LOOP). A total of 25 student groups (student government bodies, organizations, and publications) within the university were given an unqualified endorsement for their financial statements.

Additionally, Cybersecurity Intelligence Alliance (CSIA) had garnered a ‘qualified opinion’, while both Multimedia Aficionados for Interested Artists (MAFIA) and the College Student Council – School of Computing (CSC-SoC) had been issued with an ‘adverse opinion’ for their respective financial statements.

By Clark Roque