Government Accountants, Budget Officers, Treasurers and Auditors’ Forum
To keep abreast with changing times and better serve stakeholders, COA has issued Circular No. 2023-006, which provides guidelines for the preservation of electronic vouchers, supporting documents, and other records and reports submitted to COA’s audit teams.
In this blog post, we will explore the key points outlined in COA Circular No. 2023-008 and shed light on the importance of adhering to the guidelines on the proper disposition of dormant accounts.
In this article, we will explore essential strategies to help government accountants as well as other accountable officers avoid audit disallowances and maintain financial compliance with the Commission on Audit.
In this post we discuss the basic guidelines on the use of Electronic Documents, Electronic Signatures, and Digital Signatures in Government Transactions as prescribed by the Commission on Audit (COA)
In this post we discuss the updated list of documentary requirements for common government transactions as provided under COA Circular No. 2023-004 which update COA Circular No. 2012-001.
Soon, government agencies may no longer need to submit actual physical copies of disbursement vouchers (DVs) and financial reports to COA.
Learn from the experience of our fellow government accountants on the disallowance and adverse audit findings issued to them by COA.
Who audits COA? Is COA exempted from being audited?
The exclusive power of the Commission on Audit (COA) to audit government agencies is granted by the Philippine Constitution. But, have you ever thought if COA has the same authority to audit private institutions? If it has, on what extent? The Power of the COA The exclusive power of COA to audit is stated in Section 2, Article IX-D of the 1987 Philippine Constitution which states that: SECTION 2. (1) The Commission on Audit shall have the power, authority, and duty to examine, audit, and settle all accounts pertaining to the revenue and receipts of, and expenditures or uses of...