117th COA Anniversary
Chairperson Michael G. Aguinaldo receives a token from officials of the Institute of Internal Auditors Philippines during the 2nd General Membership Meeting held at Dusit Thani Manila in Makati City. The event’s theme was “Embrace and Lead Change.”
COA Chairperson Michael G. Aguinaldo, Commissioners Jose A. Fabia and Isabel D. Agito, Assistant Commissioner Arcadio B. Cuenco, Jr., Director Corazon S. Gomez and Pampanga Governor Lilia Pineda at the groundbreaking of the Provincial Satellite Audit Office building in San Fernando Pampanga on February 29, 2016.
Commissioner Isabel D. Agito receives her loyalty award during the COA Salutes the Best program held as part of the COA 117th anniversary celebration on May 5, 2016. Joining her are Chairperson Michael G. Aguinaldo and Jose A. Fabia
Commissioner Jose A. Fabia and Engr. Noel Sta. Ines of the World Bank during the forum with development partners held at the COA Professional Development Center on June 24, 2016.
Commissioner Isabel D. Agito with Assistant Commissioners Luz L. Tolentino and Sabiniano G. Cabatuan and COA Directors Wilfredo A. Agito, Luzvi Pangan-Chatto, Irma S. Besas, Eugene R. Dizon and Jonathan B. Beltran at the partnership forum on June 24, 2016.
Chairperson Michael G. Aguinaldo with Rappler’s Maria Ressa before Rappler Talk’s broadcast on insulating road projects from politics. Chairperson Aguinaldo guested in the show on April 5, 2016.
Chairperson Michael G. Aguinaldo with Dean Dr. Ma. Fe V. Mendoza (middle) and College Secretary Dr. Minerva S. Baylon of the University of the Philippines National College of Public Administration and Governance (UP NCPAG) at the UP NCPAG commencement exercise held on June 24, 2016. Chairperson Aguinaldo talked about the role of public administration in changing times.
Chairperson Michael G. Aguinaldo with officials of the Philippine Association of Local Government Accountants (PhALGA) at their 13th Annual National Conference held in Manila from May 24-27, 2016.
Commission on Audit (COA) Chairperson Michael G. Aquinaldo and CODE-NGO Executive Director Sixto Donato C. Macasaet sign the memorandum of agreement for the citizen participatory audit of government’s Yolanda shelter projects
The Commission on Audit (COA) has formed a partnership with the country’s biggest coalition of non-government organizations (NGOs) working for social development to conduct Citizen Participatory Audit (CPA) of selected shelter projects in areas affected by Typhoons Yolanda and Sendong.
To document this partnership, COA Chairperson Michael G. Aguinaldo and the Caucus of Development NGO Networks (CODE-NGO) Executive Director Sixto Donato C. Macasaet signed a Memorandum of Agreement (MOA) on October 25, 2016. The MOA entails how COA and CODE-NGO will work together in conducting a CPA audit of shelter projects implemented by the government in the areas of Palawan, Tacloban, and Iloilo that were affected by Typhoon Yolanda and in Iligan City affected by Typhoon Sendong.
Chairperson Aguinaldo expressed optimism that the cooperation between COA and CODE-NGO will entail greater transparency and citizen participation in governance.
“The big picture here is transparency so that the people can see for themselves the actions taken by government,” Chairperson Aguinaldo said.
Through the CPA, audits are conducted with citizen auditors included in the team to encourage vigilant participation in exacting government accountability. The audit is under the direct supervision and control of the COA.
COA and CODE-NGO will develop the audit design and objectives. Before the audit commences, members from both COA and CODE-NGO will undergo training program on the CPA scheduled on November 14 – 18, 2016.
CODE-NGO has 12 national and regional networks representing 1,600 non-government organizations, people’s organizations and cooperatives. Its advocacies include transparency, anti-corruption and government accountability; people’s participation in governance; asset reform; environment; and social services. #
International Public Sector Accounting Standards Board Chair Ian Carruthers talks about the latest developments on the IPSAS at a forum held at the Commission on Audit.
The Chairperson of the International Public Sector Accounting Standards Board (IPSASB) emphasized the importance of involving public interest and a more inclusive process in setting international standards.
IPSASB Chair Ian Carruthers talked about the latest developments on the International Public Sector Accounting Standards (IPSAS) at a forum held at the Commission on Audit (COA) recently.
The forum was attended by COA senior officials and auditors as well as Board of Accountancy Chairperson Mr. Joel Tan-Torres and representatives from the Department of Budget and Management and local government units.
Under the auspices of the International Federation of Accountants, IPSASB is the independent international body that sets accrual-based standards used for the preparation of general purpose financial statements by governments and other public sector entities. Through these standards, IPSASB aims to enhance the quality, consistency, and transparency of public sector financial reporting worldwide.
Mr. Carruthers said the board established the Public Interest Committee (PIC) in 2015 to ensure that standard setting follows due process and reflect the public interest. He stressed the need for the process to reflect its impact on various stakeholders and to have an integrated system of accountability. “The success of implementation is getting the information used in decision-making,” he observed.
Mr. Carruthers said the standard setting process had become more inclusive as they get more responses for the exposure drafts, take into account the experiences of various countries as they adopt IPSAS and to encourage more interaction and debate as more countries are planning to adopt the IPSAS.
Over 40 countries have already applied accrual IPSAS and international organizations such as the entire United Nations system and the European Commission are reporting on IPSAS bases. The Philippines, through the COA, also harmonized a number of international standards with the Philippine Public Sector Accounting Standards.
When asked about the challenges that the COA face in adopting the standards, Mr. Carruthers suggested creating a forum and getting the right people around the table to discuss how the guidelines can work in the Philippine setting.
Currently, the IPSASB is working on the IPSAS for revenue and no-exchange expenditure, financial instruments, heritage, infrastructure assets and leases, among others. #