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35+ Reports REQUIRED by COA and DBM to be prepared and submitted by GOVERNMENT ACCOUNTANTS

Post Views: 3,536 Have you ever thought if the reports you are preparing on a daily, weekly, monthly, quarterly or yearly basis are the ones required by the Commission on Audit (COA) and/or the Department of Budget and Management (DBM)? Or if they are, are you preparing the complete set of reports? Or did your […]

35+ Reports REQUIRED by COA and DBM to be prepared and submitted by GOVERNMENT ACCOUNTANTS Read More »

10 Things Government Agencies Need To Consider BEFORE Paying The Mid Year Bonus Of Government Employees

Post Views: 3,139 Government agencies are once again paying the Mid Year Bonus (MYB) of government employees on May 15. Hooray! However, while the existing guidelines on the grant of the same was issued way back 2017, we at GABOTAF find it essential to provide 10 key points to remember before paying the MYB. Well

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

Post Views: 5,608 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

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

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

Post Views: 5,325 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

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

Can the work of Supply Officer and Disbursing Officer be assigned to one employee, considering effective internal control?

Post Views: 1,499 Question: I was the supply officer before my maternity leave. Ngayon pong nakabalik na ako sa office, sabi ni head gagawin nya akong disbursing officer. Pero ninote nya na ako pa rin daw gagawa ng trabaho ng supply officer although di ako ang pipirma. Kaunti lang kami sa office at ako ang

Can the work of Supply Officer and Disbursing Officer be assigned to one employee, considering effective internal control? Read More »

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