UNIT IX.

PROPOSAL FOR CONGRESS-

COA PARTNERSHIP COOPERATION
FOR OVERSIGHT
WHAT IS THE COMMISSION ON AUDIT?

• Is an independent constitutional institution established by the

Constitution of the Philippines.
What is the importance of COA?

• The commission on Audit shall have the power, authority,

and duty to examine, audit, and settle all accounts
pertaining to the revenue and receipts of, and
expenditures or uses of funds and property, own or held
trust by, or pertaining to, the Government, or any of its
subdivisions, agencies, and etc.
 ESTABLISHING THE CONGRESS –AUDIT LINK

• By implementing congress can established and collaborative

relationship with the COA, ensuring that audits are conductive
effectively, government agencies are held accountable, and public funds
are managed transparently and efficiently
• Establishing a direct between congress and the commission on audit(
COA)in the Philippines is essential for ensuring effective oversight,
transparency, and accountability in government operation.
TYPES OF COA?

FINANCIAL AUDIT
- the audit team conducts Financial Audit to determine
whether financial statements are presented and accurately
as guided by international standards.
COMPLIANCE AUDITS

• The audit team provide an opinion on whether government

agencies are complying with laws, rules and regulations in
disbursement, transaction, etc.

PERFORMANCE AUDITS
• Auditors measure the economy, efficiency and effectiveness of
actual programs and plans of government.
 INITIAL STEPS ON AUDIT PROCESS P
• Planning
• Notification
• Opening
• Field work
• Report drafting
• Management response
• Closing meeting
• Final audit report distribution
• Follow-Up
 THANK YOU
• Micky Roxenne Asna
• Zaina May Austria
• Ivan Atencio