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.