Commission on Audit (COA) Chairperson Michael G. Aguinaldo emphasized the importance of accountability and ensuring that government managers have carried out their fiscal responsibility properly and effectively as he discussed the constitutional mandate of the COA at a webinar hosted by the Notre Dame of Dadiangas University (NDDU) – Graduate School held on 09 October 2021 via Google Meet.

The webinar with the theme “The Commission on Audit: Ensuring the Integrity and Accountability in Government Services and Building Resiliency towards the COVID-19 Pandemic” was attended by post graduate students and professors of the NDDU.

Commission on Audit (COA) Assistant Commissioner Luzvi P. Chatto, head of the Commission’s Administration Sector, was reappointed as member of the International Public Sector Accounting Standards Board (IPSASB).

Operating under the auspices of the International Federation of Accountants (IFAC), the IPSASB works to strengthen public financial management globally through developing and maintaining accrual-based International Public Sector Accounting Standards (IPSAS) and other high-quality financial reporting guidance for use by governments and other public sector entities.

Appointees to the IPSASB are selected following a rigorous nominations and interview process involving the IFAC Nominating Committee and IPSASB leadership, overseen by the Public Interest Committee.

“I am grateful for the confidence shown by the IFAC and IPSASB leadership. I feel that my reappointment is a recognition not only of my skills but also of the competence and dedication of the officials and auditors of the Commission who worked together to harmonize Philippine Public Sector Accounting and Auditing Standards with international standards and best practices. Rest assured that we will continue to support the enhancement of these Standards,” said Assistant Commissioner Chatto.

Commission on Audit (COA) Chairperson Michael G. Aguinaldo discussed the constitutional mandate of the Commission at the Tax Management Association of the Philippines, Inc. (TMAP) General Membership Meeting held on 27 September 2021 through virtual conferencing.

TMAP is a non-stock corporation established to professionalize tax practice and provide a channel for the private sector to participate in drafting of tax laws, rules and regulations. TMAP works as a partner of government in complying with tax laws and in helping bring much needed collections.

Chairperson Aguinaldo discussed the history of the COA, its major functions, the types of audits that COA conducts, the constitutional mandate and duties of COA, and myths and misconceptions about the Commission.