117th COA Anniversary
Chairperson Michael G. Aguinaldo with officials of the Philippine Institute of Certified Public Accountants (PICPA) Manila Region and Geographical Office during the conference held at the Century Park Hotel Manila on February 23, 2016. Chairperson Aguinaldo talked about COA’s priority projects.
Chairperson Michael G. Aguinaldo receives a token from Philippine Institute of Construction Arbitrators and Mediators (PICAM), Inc. President Engr. Rodolfo R. Peñalosa. Chairperson Aguinaldo was the inducting officer and guest speaker at the induction of 2016 PICAM officers and board of trustees held at the Hotel Jen in Pasay City on February 18, 2016
Chairperson Michael G. Aguinaldo, Commissioner Jose A. Fabia and Assistant Commissioner Lourdes M. Castillo welcome Dr. Hisashi Yamaura and Mr. Nobuo Azuma of the Board of Audit of Japan and Professor Shigeo Ohtsuka of Chiba University who were on a study visit to the COA. The BOA Japan officials were on a study visit to the COA from February 18 to 19, 2016 to discuss government accounting reforms carried out by the Commission.
COA Chairperson Michael G. Aguinaldo was the guest speaker at the oath taking of new CPAs held at the Philippine International Convention Center on November 22, 2015. With him are Board of Accountancy Chairman Joel L. Tan- Torres and members of the Professional Regulation Commission Board of Accountancy.
Chairperson Michael G. Aguinaldo and Commissioners Heidi L. Mendoza and Jose A. Fabia lead the turn-over ceremony for the Policy Review on Local Roads Asset and Management Practices on December 1, 2015 during the COA Command Conference held at a resort in Batangas. With them are the Australian Department of Foreign Affairs and Trade’s Geoff King and Luke McNamara who is also team leader of the Provincial Road Management Facility project, COA Assistant Commissioner Divinia M. Alagon, and Directors Carmelita O. Antasuda, Arlyn M. Encarnacion and Amelia VP. Valdez.
Chairperson Aguinaldo and Commissioner Mendoza inspect facilities at the PNRI.- photo courtesy of the PNRI.
Chairperson Michael G. Aguinaldo and Commissioner Heidi L. Mendoza with Department of Science and Technology (DOST) Secretary Mario G. Montejo, Philippine Nuclear Research Institute (PNRI) Director Alumanda M. Dela Rosa, officials of the COA’s International Audit and Relations Office, other DOST/PNRI officials and COA DOST-PNRI audit team after the presentation and Q&A on PNRI and International Atomic Energy Agency (IAEA) projects in the Philippines. The COA team visited the PNRI in preparation for its candidature as External Auditor of IAEA for 2016-17. – photo courtesy of the PNRI.
COA Chairperson Michael G. Aguinaldo before answering questions posed by members of the Commission on Appointments during the Committee Hearing on June 9, 2015.
COA Commissioner Isabel D. Agito (center) with Chairperson Michael G. Aguinaldo, Commissioner Jose A. Fabia, Senate President Franklin M. Drilon and the members of the Commission on Appointments (CA) shortly after the CA approved Commissioner Agito’s appointment on May 25, 2016.
May 25, 2016- The Commission on Appointments (CA) has confirmed the ad interim appointment of Commission on Audit (COA) Commissioner Isabel Dasalla-Agito. All CA members agreed when the motion to confirm Commissioner Agito was presented in the plenary.
Commissioner Agito was appointed COA Commissioner by President Benigno S. Aquino III for a term expiring on February 2, 2018. Malacañang announced the appointment on January 15, 2016.
Commissioner Agito is a career official who has been with the COA for more than 39 years. She has audited various national government agencies including the Bureaus of Internal Revenue and Customs, Office of Muslim Affairs and Cultural Communities and the Professional Regulations Commission as well as government corporations such as the Social Security System and the Veterans Memorial Medical Center.
Commissioner Agito was a member of COA’s United Nations (UN) audit pool having been assigned to audit the UN Headquarters in New York in 1989-1991 and in 2000. She supervised the Special Task Force on Flagship Projects. She was named Assistant Commissioner, the highest career rank in COA, in August 2008.
Commissioner Agito obtained her Bachelor of Science in Business Administration- Accounting degree from the University of the East (UE) in 1972 and her Bachelor of Laws degree also from UE in 1993. #
The Philippine Commission on Audit (COA) updated its professional standards framework emphasizing independence of Supreme Audit Institutions (SAIs), good practices of transparency and accountability and revisions on financial, compliance and performance audits guidelines.
COA adopted the Revised Framework of Professional Standards through Resolution No. 2016-007 on May 3, 2016. The framework was based on a study of applicable laws using the International Standards of Supreme Audit Institutions (ISSAI) and in harmony with the International Organization of Supreme Audit Institutions (INTOSAI) Framework of Professional Standards.
Included in the revised framework is ISSAI 10 or The Mexico Declaration on SAI Independence which sets up eight core principles for SAI independence: existence of an appropriate and effective constitutional/statutory/legal framework; independence of SAI heads and members of collegial institutions; sufficiently broad mandate and full discretion in the discharge of SAI functions; unrestricted access to information; rights and obligation to report on work; freedom to decide the content and timing of audit reports and to publish and disseminate them; existence of effective follow-up mechanisms on SAI recommendations; and financial and managerial/administrative autonomy and the availability of appropriate human, material and monetary resources. ISSAI 10 was approved by INTOSAI members at the XIXth Congress held in Mexico in 2007.
The COA Revised Framework of Professional Standards also include ISSAI 11 on Guidelines and Good Practices Related to SAI Independence, ISSAI 12 on the Value and benefits of Supreme Audit- making a difference to the lives of citizens, and ISSAI 21 on Principles of Transparency and Accountability- Principles and Good Practices.
COA also adopted revisions made by the INTOSAI regarding fundamental concepts and principles of the three types of audit- financial, compliance and performance audits.
COA first issued the Framework of Professional Standards through COA Resolution No. 2013-006 on January 29, 2013 to provide an overview of all the standards and guidelines for public sector auditing, assurance engagements and other related services in the Philippines and to harmonize current standards in the Philippines with international standards on auditing. #