Post Views: 259,071 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 […]
Post Views: 29,432 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
Guidelines on the grant of P25,000.00 CNA incentive for CY 2022 Read More »
Post Views: 9,957 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
The 9-12-3 Rule: GSIS Premium Contribution Rates Read More »
Post Views: 4,625 This is an ongoing forum in our Facebook Group. Join our Facebook Group to get full access to this topic and join our forums.
Legal Basis on the Grant of Rice Allowance/Subsidy to Government Employees Read More »
Post Views: 1,939 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.
Post Views: 2,979 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
15 Warning Signs of Financial Statement Fraud according to COA’s Financial Audit Manual Read More »
Post Views: 12,049 Watch It is again the time of the year where government employees will receive their well deserved year end bonus and cash gift. That is why it is but wise to learn again the guidelines so that we will all be guided, well so that we could avoid possible adverse audit findings
Guidelines on the Grant of Year End Bonus in CY 2022 Read More »
Post Views: 14,118 The Commission on Audit (COA) and Department of Budget and Management jointly issued a circular allowing departments/agencies to engage the services of new COS/JO workers through individual contract and renew the individuai contracts of their existing COS/JO workers untii December 31, 2024. Under the previous guidelines, government agencies concerned are only allowed
2022 Updated Guidelines for Contract of Service and Job Order workers in the Government Read More »
Post Views: 12,824 This is a good news for the contract of service (COS) and job order (JO) workers in the government. The Commission on Audit (COA) and Department of Budget and Management jointly issued a circular allowing departments/agencies to engage the services of new COS/JO workers through individual contract and renew the individuai contracts
Agencies may engage the services of COS/JOs until December 31, 2024 — COA, DBM Read More »
