GVB: OPA Gives High Marks to GVB

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Guam – Guam Visitors Bureau (GVB) received high praise from the Office of Public Accountability for earning an unqualified (clean) audit for fiscal year 2010.
The report from independent auditors Deloitte & Touche also states visitor numbers rebounded in FY2010 by 11.2 percent and produced the best September arrivals in five years.

Despite a weak global economy and continuing economic and political uncertainties in Japan, Guam’s visitor industry grew substantially over FY 2009. An increase in charter flights, the resumption of service to Osaka, and seat capacity growth in major markets like Korea helped close the year with favorable results in the visitor industry.

According to a statement by the Office of Public Accountability, the early issuance of the bureau’s financial assessment as well as a clean report is a testament to “GVB’s improved and stabilized accounting infrastructure.”

“We are obviously pleased to have a clean and unqualified audit with no findings by the independent auditors,” said GVB General Manager Gerald S.A. Perez. “This is the standard to which we aspire every year because it is the basis for earning the trust and confidence of our board and those who expect the proper stewardship and management of public and membership funds in our care. I congratulate, with thanks, all GVB employees for observing best practices in financial accountability.”

For a more detailed report on the FY2010 GVB audit, visit www.guamopa.org.