What is Presidential Decree No 1445? It is the declared policy of the State that all resources of the government shall be managed, expended or utilized in accordance with law and regulations, and safeguard against
What is Presidential Decree No 1445?
It is the declared policy of the State that all resources of the government shall be managed, expended or utilized in accordance with law and regulations, and safeguard against loss or wastage through illegal or improper disposition, with a view to ensuring efficiency, economy and effectiveness in the operations of …
What is PD No 1177?
1177, which is more popularly known as the Automatic Appropriations Law for debt servicing, was issued by former President Ferdinand E. Marcos. As the title suggests, under this Law, the ational Government is duty bound to automatically appropriate funds for principal and interest payments for public debt servicing.
What is the difference between pre audit and post audit?
1. Pre-audit is the examination of financial transactions before consummation. Post-audit covers the same areas aside from tracing the transaction under audit to the books of accounts.
Who audited COA?
GAO
GAO is responsible to conduct audits of all financial reports, also audit of all expenditures and assets of the government. The GAO was reestablished after the Second World War and changed its name to Commission on Audit (COA) under the 1973 constitution.
Who is responsible for government funds and property?
Every officer of any government agency whose duties permit or require the possession or custody of government funds or property shall be accountable therefor and for the safekeeping thereof in conformity with the law.
What is PD No 101?
1. To prescribe, redefine or modify the lines, routes, or zones of service of operators that now or hereafter may operate public utility motor vehicles in the Philippines. 2.
What is PD 1594 all about?
For the information and guidance of all concerned, the Implementing Rules and Regulations for Government Infrastructure Projects (PD 1594) dated February 23, 1980 has been amended in order to simplify and improve contract management, procedures, to streamline administrative requirements, and to ease the financial …
Who is the president responsible for the Presidential Decree No 1?
President Ferdinand E. Marcos
On September 24, 1972, Presidential Decree No. 1 issued by then President Ferdinand E. Marcos, implemented the Integrated Reorganization Plan (IRP) which restructured the bureaucracy “to promote simplicity, economy, and efficiency in the government”.
What are the stages of audit?
Although every audit process is unique, the audit process is similar for most engagements and normally consists of four stages: Planning (sometimes called Survey or Preliminary Review), Fieldwork, Audit Report and Follow-up Review.
Is COA under government?
The 1987 Constitution maintained the independence of the Commission on Audit as the supreme auditing arm of the Philippine government. Moreover, the Constitution reiterated COA’s role as the sole official external auditor of government agencies as well as government-owned- and-controlled corporations (GOCCs).