On 19 March 2024, representatives of the MWSS Regulatory Office, together with the Audit Teams from the Commission on Audit Special Audits Office (COA-SAO) and personnel from Maynilad Water Services, Inc. and Manila Water Company, Inc., convened for the Entrance Conference for the Regulatory Financial Audit (RFA) for Calendar Year (CY) 2022.
The audit, which will be conducted for 40 working days, is pursuant to the provisions of the Revised Concession Agreements (RCA) entered into by MWSS and Manila Water and Maynilad in 2021. Its objective is to ensure the prudent and efficient management of expenditures by both Concessionaires, encompassing the evaluation, analysis, and review of their regulatory accounts for 2022. The outcomes will be instrumental in supporting the 2027 Rate Rebasing Exercise.
Present at the Entrance Conference were Deputy Administrator for Technical Regulation Evelyn B. Agustin, Deputy Administrator for Customer Service Regulation Lee Robert M. Britanico, Acting Deputy Administrator for Financial Regulation Christopher D. Chuegan, and representatives from the Financial Regulation Area.
Check out MWSS RO’s programs, activities, and projects through this link: https://ro.mwss.gov.ph/