One of our colleagues shared to us a Treasury Order that states, all accountants of national government agencies (NGAs), local government units (LGUs), government-owned and controlled corporations (GOCCs), and Self-Governing Boards and Commissions who are withholding agents are required to post bonds as mandated by law.
Here’s a copy of the said Treasury Order:
In Treasury Circular No. 02-2009 dated August 6, 2009, a bondable/accountable officer is defined as follows:
Point of Discussion: Is Treasury Order No. 32-97 still applicable considering Treasury Circular No. 02-2009?
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