This update includes latest issuances from the Commission on Audit (COA).
On Capitalization Threshold for LGUs:
- COA Circular No. 2024-006 — Supplemental Guidelines on the Implementation by Local Government Units (LGUs) of COA Circular No. 2022-004 dated May 31, 2022, Prescribing the Guidelines on the Implementation of Section 23 of the General Provisions of Republic Act (RA) No. 11639 also known as the General Appropriations Act (GAA) for Fiscal Year (FY) 2022 relative to the increase in the capitalization threshold from P15,000.00 to P50,000.00, dated March 14, 2024
On the Expansion of items which can be charged against Advertising Expenses (i.e., posting through social media platforms):
- COA Circular No. 2024-005 — Expansion of the Coverage of Advertising Expenses and Recognition of Accounts to Include those Relative to the Dissemination of Information Connected with the Official Functions and Programs of Government Agencies, through Social Media Platforms, dated March 14, 2024
On the Suspension of the Application of COA Circular No. 2023-004 dated June 14, 2023, Prescribing the Updated Documentary Requirements for Common Government Transactions
- COA Circular No. 2024-004 — Suspension of the Application of COA Circular No. 2023-004 dated June 14, 2023, Prescribing the Updated Documentary Requirements for Common Government Transactions, amending COA Circular No. 2012-001 dated June 14, 2012, dated March 14, 2024
End of Update.
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