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...
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....
COAble or not? Good day, I would like to ask whether a situation wherein payment for salary of personnel (in a Contract of Service basis) who have rendered service during the months where their contracts are still pending (for processing and finalization) is COAble? Apparently, some govt agencies with cases like that were allowed to pay the salaries of those personnel during the period where their contracts are still on the process of finalization (review by agency/ dept. officials, routing for signatories etc.). Will there be violation of any COA circular/s if the contracts will be adjusted to reflect the...
Listed hereunder are the common audit findings, observations, suspensions, disallowances issued/imposed by the Commission on Audit (COA) on cash advances. 1. Advances for Payroll were not liquidated at the end of the year, contrary to COA Circular No. 97-002 dated February 10, 1997. What you can do: Instruct the disbursing officer to return the unused cash and/or to submit all documents to fully liquidate his/her cash advances at the end of the year to comply with COA Circular No. 97-002 dated February 10, 1997. [Source: Commission on Audit] 2. The granting of cash advances to officers and employees was not...
