Sindicatura de Comptes has completed an extensive audit of the chambers of commerce and industry spanning the Valencian Community for the year 2021. The report highlights a year marked by resilience across the region, with Alicante, Orihuela, and Alcoy showing notable improvements in their financial outcomes when compared with the prior year affected by the pandemic. The broader Community of Valencia reflects a steady recovery path as organizations adapt their operations to evolving public health and economic conditions. (Source: Sindicatura de Comptes)
The audit confirms the accuracy and reliability of the formalized annual accounts for both the chambers and the governing councils. It verifies that accounts have been properly approved and that the processing of financial statements aligns with applicable norms and procedures. In addition, the audit finds that the management of funds received by Generalitat units within the chambers adheres to relevant regulations in all material respects, with no material violations identified. This assurance strengthens confidence in the governance structures and the discipline with which public and semi-public resources are handled within the network of chambers across the region. (Source: Sindicatura de Comptes)
The report also highlights performance improvements among three Alicante chambers for the year 2020, illustrating a positive trend in revenue management and budget execution across the sector. In Alicante, the chamber’s operating results moved from a deficit position of 13,047 euros in 2019 to a substantial surplus of 146,576 euros in 2020, signaling stronger revenue generation, cost discipline, and effective financial stewardship. Orihuela followed a similar arc, with results rising from 112,455 euros to 139,906 euros, reflecting steady progress in member services, project funding, and economic activities coordinated by the chamber. Alcoy likewise advanced, climbing from 49,924 euros to 134,601 euros, underscoring improved program implementation and strategic financing choices. These figures illustrate how regional chambers can translate macroeconomic recovery into tangible improvements in financial health and service delivery. (Source: Sindicatura de Comptes)
Beyond the numerical shifts, the audit emphasizes the importance of transparent oversight, meticulous reporting, and rigorous adherence to financial controls across all units. It underscores how structured governance, clear accountability, and disciplined financial management contribute to the long-term sustainability of chamber activities, enabling them to support local businesses, foster entrepreneurship, and help communities navigate post-pandemic recovery. For stakeholders in Canada and the United States who monitor regional economic institutions, the Valencian example offers an instructive model of how public-facing entities can balance accountability with responsive, value-driven programs that bolster regional commerce and industry. (Source: Sindicatura de Comptes)