GABOTAF

Government Accountants, Budget Officers, Treasurers and Auditors’ Forum

LOOK: PBBM orders grant of one-time P5,000.00 Gratuity Pay to JOs/COSs in the Government

December 24, 2022 •

Good news to all job order and contract of service workers in the government! President Ferdinand R. Marcos Jr. has signed Administrative Order No. 3, s. 2022, authorizing the grant of gratuity pay for contract of service (COS) and job order (JO) government workers as a well-deserved recognition of their hard work. Under the said […]

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Quick Facts: Grant of SRI for CY 2022

December 21, 2022 •

Legal Basis Administrative Order No. 1, s. 2022 — Authorizing the Grant of Service Recognition Incentive to Government Employees for FY 2022 Budget Circular No. 2022-4 — Guidelines on the Grant of Service Recognition Incentive to Government Employees for FY 2022 Who’s entitled to the SRI? The following government employees may be granted service recognition

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LOOK: President Marcos approves the grant of P20,000.00 Service Recognition Incentive for Government Employees

December 20, 2022 •

Good news to all government employees! President Ferdinand “Bongbong” Marcos Jr. has issued orders granting (not exceeding) P20,000.00 worth of service recognition incentive (SRI) and rice allowance to government employees. The service recognition incentive (SRI) will be a one-time grant at a uniform rate not exceeding P20,000 for employees in the executive department, it said.

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Guidelines on the grant of P25,000.00 CNA incentive for CY 2022

December 12, 2022 • • 1 Comment

Legal Basis The Department of Budget and Management issued Budget Circular No. 2022-3 to provide guidelines on the grant of collective negotiation agreement (CNA) incentive for CY 2022. The other legal bases on the grant of CNA incentives are the following: Agencies covered by the CNA incentive guidelines Budget Circular No. 2022-3 is applicable to

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The 9-12-3 Rule: GSIS Premium Contribution Rates

December 8, 2022 • • 1 Comment

Pursuant to Section 5(a) of Republic Act No. 8291 otherwise known as “An Act Amending Presidential Decree No. 1147, as amended, Expanding and Increasing the Coverage and Benefits of the Government Services Insurance System, Instituting Reforms Therein and for Other Purposes: SECTION 5. Contributions. — (a) It shall be mandatory for the member and the

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This is the most important characteristic of a Government Accountant (according to government accountants themselves)

November 30, 2022 •

We asked our colleagues in the government about the most important characteristic of a government accountant and here’s what they said: Strong independent decision maker. 🙋‍♀️ snacionales God-fearing, may prinsipyo, may strong na characteristic para naman matakot yung mga nag-iinsist yung reimbursement nila kahit di naman talaga pwedi at walang legal basis. 🙋‍♀️ eparadiang Consistent

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15 Warning Signs of Financial Statement Fraud according to COA’s Financial Audit Manual

November 30, 2022 •

What is financial statements fraud? According to Scott Beaver, financial statement fraud is the deliberate misrepresentation of a company’s financial statements, whether through omission or exaggeration, to create a more positive impression of the company’s financial position, performance and cash flow. When it comes to financial statement fraud, most cases involve intentionally misrepresenting accounting such

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