Government Auditing

3 May 2020

Common COA Audit Findings on Government Property, Plant and Equipment (PPE) – Recognition Of Government Properties Amounting To Less Than P50,000.00 as PPEs

Another common audit observation/findings of the Commission on Audit (COA) on government property, plant and equipment (PPE) is the recognition of properties amounting to less than P15,000 (now ₱50,000.00) as PPEs in the books of accounts which is contrary to Section 4, Chapter 10 of the Government Accounting Manual for National Government Agencies (GAM for NGAs). If your agency is doing this and found by your auditor, he/she may issue an Audit Observation Memorandum (AOM). Briefly, an AOM is an audit document issued by COA to government agencies, usually called as auditees, to inform them of deficiencies noted in audit...

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3 May 2020

Common COA Audit Findings on Government Property, Plant and Equipment (PPE) – Non-submission Of Complete And Accurate Inventory Records

One of the most common audit findings of the Commission on Audit (COA) on government property, plant and equipment (PPE) among government agencies is the non-submission of complete, accurate or reliable inventory records by the Accounting and/or Property Office of the agency. Due to the absence of inventory records, the auditor cannot ascertain the validity, accuracy and existence of PPE accounts recorded in the books of accounts of the agency which results to non-reconciliation of Accounting and Property records for PPE accounts, contrary to Section 42, Chapter 10 of the Government Accounting Manual (GAM) for National Government Agencies (NGAs), Volume...

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26 Mar 2020

9 Supreme Court Cases that upheld COA’s Decision to Disallow in Audit Certain Expenses for being IUEEU

Hereunder are nine (9) Supreme Court cases that upheld the Commission on Audit’s (COA) decision to disallow in audit certain expenses for being irregular, unnecessary, excessive, extravagant, or unconsionable (IUEEU). 1. Honoraria paid to members of the Bids and Awards Committee (BAC) AND Technical Working Group (TWG) in excess of the rates provided for under Department of Budget and Management (DBM) Budget Circular No. 2004-5A dated October 7, 2005 and for procurement activities pertaining to contract not yet awarded to the winning bidder (Joseph Peter Sison, et al. vs. Rogelio Tablang, et al., G.R. No. 177011 dated June5, 2009). 2....

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7 Mar 2020

What is the policy of COA on unbooked obligations/money claims?

Q: Good morning po. Meron bo bang separate rule for trust fund and internally-generated fund na yung 2019 expenses di na pwdeng i-claim sa 2020? Di kasi narecord as AP at sabi daw ay kailangan i-request sa COA. Meron po bang way na ma-claim or mapa-reimburse? Salamat po. Responses to this question: [If unclaimed personnel benefits] There is no need to request to COA. All you just need is to prepare a Report of the Unpaid Authorized Prior Year Personnel Benefits. Kindly refer to COA Circular 2018-001 dated February 1, 2008. Leo Adobas Alvarez Omamalin [Read: What should you do...

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6 Feb 2020

COA officially released the Handbook on the Financial Transactions of the Sangguniang Kabataan (SK)

The Commission on Audit (COA) officially released in its website the much awaited Handbook on the Financial Transactions of Sangguniang Kabataan (SK) in the various local government units in the Philippines, pursuant to COA Circular No. 2020-003 dated January 28, 2020. The Handbook provides the guidelines on the proper recording, reporting, and disbursement of SK funds. According to the Department of Interior and Local Government (DILG), a re-launching of the Handbook will happen on February 12, 2020, at the Commission on Audit. [Download Handbook on the Financial Transactions of Sangguniang Kabataan] You may also download editable forms of the Handbook...

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