Cebu City, Philippines—The National Conciliation and Mediation Board (NCMB) was  recognized as one of the Outstanding Accounting Offices for CY 2023. This prestigious  award reflects the NCMB’s success in meeting the rigorous criteria established by the  Association of Government Accountants of the Philippines (AGAP), which evaluates  organizations’ financial and accounting work based on accuracy, reliability, timeliness,  and compliance with accounting and budgeting rules and regulations of the  Commission on Audit (COA) and the Department of Budget and Management (DBM). 

The Board was recognized for its exemplary performance in upholding rigorous  financial management standards and ensuring compliance with government  accounting laws and regulations. This accolade reflects the Board’s dedication to fiscal  discipline and its proactive approach to enhancing operational efficiency throughout  all financial processes. 

Executive Director IV, Maria Teresita D. Lacsamana-Cancio, expressed her pride in  the NCMB achievement, saying, “Receiving this award is not only a significant honor  but also a testament to the relentless dedication of our Financial and Management  Team. This recognition reinforces our commitment to financial excellence and good  governance, essential to our mission of promoting industrial peace and sustaining  harmonious labor-management relations.”

In addition to receiving this esteemed award, the Financial and Management Team  participated actively in the four-day seminar that addressed contemporary issues in  government accounting and financial systems, the evolving landscape of financial  reporting standards, and innovative fiscal management strategies. Attendees had the  opportunity to engage with experts and practitioners, gaining valuable insights and  best practices applicable to their respective agencies. The convention also provided  networking opportunities for the Financial and Management Team to connect with  fellow public sector financial professionals, fostering collaboration and knowledge  exchange to enhance the overall effectiveness of government financial practices  nationwide. 

The recognition bestowed to NCMB as one of the Outstanding Accounting Offices  profoundly inspires the Board to continue its pursuit of excellence and integrity in all  operational endeavors. As the Board moves forward, it remains dedicated to utilizing  its resources effectively to serve the Filipino workforce better and uphold the highest  standards of public service.  

The awarding ceremony was part of the AGAP Annual Convention, with this year’s  theme, “Improving Financial Inclusivity and Securing Future-Proof Public Finance,”  held from 09 to 12 October 2024 at the IEC Convention Center held in Cebu City. The  Convention serves as a premier forum for financial professionals in the public sector.  It celebrates exceptional accomplishments in government accounting while promoting  the adoption of best practices across various agencies. 

End/Millyscent M. Taggueg