SUBTITLE B

THE COMMISSION ON AUDIT

REPORTER
KIMBERLY SUSAS
CHAPTER 7
RECEIPT AND DISPOSITION OF FUNDS AND PROPERTY

• Section 42. Accounting for Money and Property Received by Public

Officials. - Except as may otherwise be specifically provided by law or
competent authority, all moneys and property officially received by a
public officer in any capacity or upon any occasion must be accounted for
as government funds and government property.
• Section 43. Special, Fiduciary and Trust Funds. - Receipts shall be
recorded as income of Special, Fiduciary or Trust Funds or Funds other
than the General Fund only when authorized by law as implemented
pursuant to law.
• Section 44. Issuance of Official Receipts. -
CHAPTER 8
APPLICATION OF APPROPRIATED FUNDS

• Section 45. Disbursement of Government Funds. –

• Section 46. Appropriation Before Entering into Contract
• Section 47. Certificate Showing Appropriation to Meet
Contract. - Except in the case of a contract for personal service,
for supplies for current consumption or to be carried in stock
not exceeding the estimated consumption.
• Section 48. Void Contract and Liability of Officer. - Any contract
entered into contrary to the requirements of the two (2) immediately
preceding sections shall be void, and the officer or officers entering
into the contract shall be liable to the Government or other
contracting party for any consequent damage to the same extent as if
the transaction had been wholly between private parties.
• Section 49. Countersigning of Warrants or Checks by Auditors. - No
warrant or check shall be paid by the Treasury of the Philippines,
local treasurer, or any government depository unless it is
countersigned by a duly authorized official of the Commission.
CHAPTER 9
ACCOUNTABILITY AND RESPONSIBILITY FOR
GOVERNMENT FUNDS AND PROPERTY

• Section 50. Accountable Officers; Board Requirements. –

• Section 51. Primary and Secondary Responsibility. –
• Section 52. General Liability for Unlawful Expenditures. - Expenditures of
government funds or uses of government property in violation of law or
regulations shall be a personal liability of the official or employee found to be
directly responsible therefor.
• Section 53. Prohibition Against Pecuniary Interest. - No accountable or
responsible officer shall be pecuniary interested, directly or indirectly, in any
contract or transaction of the agency in which he is such an officer.
 CHAPTER 10
MISCELLANEOUS PROVISIONS

• Section 54. Duty to Respect the Commission's Independence. - It

shall be the duty of every person to respect, protect and preserve the
independence of the Commission.
• Section 55. Administrative Disciplinary Action. - Subject to rules
and regulations as may be approved by the President, any
unjustified failure by the public officer concerned to comply with
any requirement imposed in Title I-B, Book V of this Code shall
constitute neglect of duty and shall be a ground for administrative
disciplinary action against said public officer who, upon being
found guilty thereof after hearing, shall be meted out such penalty
as is commensurate with the degree of his guilt in accordance with
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