For the year 2017, Palau Conservation Society (PCS) has received an unmodified or “clean” opinion on its financial statements from independent auditors Burger Comer Magliari, certified public accounting firm based in Guam.
This is the 9th consecutive year that PCS has received a clean opinion on its financial statements and the “Report on Compliance” and “Internal Control” did not identify any material weaknesses or significant deficiencies. The PCS Board of Directors and its management team are committed to maintaining transparent accountability and proper stewardship on the funds entrusted and managed under its authority.
This welcomed news was announced at the December meeting for the PCS Board of Directors and reflects a culture of compliance within the NGO and a commitment to financial security for the organization.
PCS activities and initiatives are funded by grants and donations from individuals, businesses, and partner organizations. PCS also maintains an endowment in which many local Palauans contribute bi-weekly through allotments. “Many people and organizations trust PCS to protect Palau’s pristine environment while spending money responsibly. This makes accountability even more important,” said Executive Director Majekobaje.
In 2019, as the organization celebrates 25 years of existence, PCS commits to continued fiscal responsibility and stewardship. The organization also strives to increase unrestricted funding, to grow its membership base, and to get closer to its conservation targets according to its current strategic plan. (PR)