Code Geeks has received an Unqualified Opinion, reinforcing its commitment to financial integrity. This recognition marks the Code Geeks Highest Audit Rating for financial transparency, as announced during the latest Commission on Financial Audit press conference. For more details about the event, check The Angelite’s Facebook post.
This Code Geeks Highest Audit Rating is a testament to the organization’s dedication to transparent financial management. The rating confirms that its financial records are accurate, complete, and fully compliant with standard accounting principles, with no discrepancies found.
Code Geeks Unqualified Opinion Audit Report (AY 2024-2025)
The audit, conducted in collaboration with the Office of Student Affairs (OSA) and Code Geeks members, covered the financial statements for the first semester of the academic year 2024-2025. It included a thorough review of the Statement of Cash Receipts and Disbursements, ensuring full accountability in financial management.
Why Code Geeks Unqualified Opinion Matters
Receiving this rating reinforces Code Geeks’ commitment to accountability, transparency, and ethical financial management. It assures members, sponsors, and university officials that all transactions are accurate and fully compliant with accounting principles.
Key Financial Highlights From Code Geeks Highest Audit Rating
Cash Receipts:
Total Inflows: ₱33,661.72
Primary Revenue Sources:
Membership Fees: ₱21,300.00
Sponsorships: ₱3,000.00
Merchandise Sales: ₱3,350.00
Cash Disbursements:
Total Outflows: ₱9,681.65
Largest Expense: SOC College Days – ₱6,020.25
Minor Adjustment: ₱260.00 discrepancy in Organization Festival budget (16% adjustment)
Audit Findings & Recommendations
Well-Organized Financial Statement: The audit confirms a clear and structured financial report.
Strict Documentation Compliance: All transactions should be backed by proper receipts and records.
Prevention of Record Tampering: Ensuring all financial records remain untampered to maintain integrity.
Future Plans to Maintain Code Geeks Highest Audit Rating
To maintain its reputation for financial integrity, Code Geeks plans to:
Enhance digital financial tracking by integrating finance management tools.
Increase financial literacy among members by hosting budget and accounting workshops.
Continue submitting transparent reports to ensure compliance with audit standards.
Commitment to Financial Integrity
This recognition highlights Code Geeks’ commitment to financial responsibility and transparency. By maintaining ethical financial practices, the organization upholds the trust of its members and the student community, ensuring responsible management of resources for future initiatives.
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