Top 10 Reasons Why You Keep on Receiving Audit Observation Memorandum from the Commission on Audit (COA)

3. You dont understand what are irregular, unnecessary, excessive, extravagant, and unconscionable expenditures.

4. You are spending government money but without or with incomplete/inappropriate supporting documents.

5. You dont understand the Government Procurement Law. Or, even if you sunderstand the same, you are not applying or adhering to the law.

6. You are not submitting the reports required by COA or even if you are submitting, the reports are either incomplete or delayed.

7. You are submitting incorrect or distorted reports. Distorted reports mean your reports are forced and forged.

8. Your registries, journals, ledgers, and indices are not updated. Or, even if they are updated they are either incomplete or not in proper form.

9. You are not updated with the current guidelines issued by government agencies such as the DBM, COA, BIR, BTR, etc. Hence, you are applying old rules and regulations.

10. You dont apply or follow the provisions of the Government Accounting Manual, both for national and local government, and the pertinent and applicable accounting and auditing standards.