AOM

1. Audit Observation Memorandum (AOM) The AOM is issued to inform the auditee of deficiencies noted in audit related  to financial/operational matters which do not involve pecuniary/monetary loss. It is issued when the audit decision cannot yet be made due to incomplete documentation or information. Once received, the AOM shall be replied to by agency officials concerned within 15 calendar days (CDs) from receipt thereof. [Read: 10 Reasons Why You Receive AOM from the Commission on Audit] 2. Notice of Suspension (NS) A Suspension is a temporary disallowance of a transaction which is of doubtful legality/validity/propriety or may result to pecuniary loss to...