117th COA Anniversary
Chairperson Michael G. Aguinaldo and officialsof the Commission welcome delegates from the Supreme Audit Institution ofVietnam and World Bank Hanoi on a study visit to the Philippines on 3 March2017. The participants discussed issueson environment audit.
COA officials conduct teleconferencing on Supreme Audit Institutions (SAI) Performance Management Framework (PMF) with representatives of the INTOSAI Development Initiative (IDI) on 9 March 2017.
Chairperson Michael G. Aguinaldo was the keynote speaker and inducting officer at the Institute of Internal Auditors of the Philippines General Assembly on 15 February 2017. Chairperson Aguinaldo talked about the role of internal auditors in strengthening integrity and governance.
The Commission on Audit showcased the gains of the Citizen Participatory Audit of Local Disaster Risk Reduction and Management at a public presentation held at the Professional Development Center Auditorium on 7 February 2017.
Commissioner Isabel D. Agito leads COA officials in welcoming representatives of the Audit Board of Indonesia on a study visit to the country to discuss the audit of health insurance systems on 2 February 2017.
Chairperson Michael G. Aguinaldo and Commissioner Jose A. Fabia join the participants of the training on security administration held at the Professional Development Center on 27 January 2017.
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. #
COA Assistant Commissioner Lourdes M. Castillo (4th from right) with members of the Philippine Delegation to the 60th Session of the United Nations Commission on the Status of Women. Also in picture is COA Director Fortunata M. Rubico (third from left).
The Commission on Audit (COA) showcased its pioneering work in the audit of Gender and Development (GAD) funds at the side event entitled “Show Me the Money: How Governments Allocate and Audit Funds to Achieve Gender Equality as a 2030 Sustainable Development Goal” during the 60th Session of the United Nations (UN) Commission on the Status of Women (CSW) held at the UN Headquarters in New York City on March 16, 2016.
The COA, together with the Department of Budget and Management (DBM) as the lead agency and the Department of Social Welfare and Development (DSWD), gave a holistic presentation on what the Philippine Government is doing to allocate funds for programs and projects geared towards greater women empowerment from planning and budgeting (DBM) to implementation and monitoring (DSWD for sample program) and audit and reporting (COA). The side event was sponsored by the Philippine Delegation to the 60th Session of the UNCSW.
COA Assistant Commissioner Lourdes M. Castillo talked about COA’s accomplishments in the audit of GAD allocated funds and the plan for a results-focused audit approach as the Commission’s commitment to the achievement of the Sustainable Development Goals (SDGs) on Gender Equality under the 2030 Agenda for Sustainable Development.
Assistant Commissioner Lourdes M. Castillo gives a presentation entitled “Show Me The Outcomes: Ensuring Accountability on Gender Program Allocations Through Results-Focused Audit Approach” at the 60th Session of the United Nations Commission on the Status of Women.
“We are humbled by the thought that we are one of the INTOSAI/ASOSAI member countries that has done pioneering work in the audit of gender-allotted funds. Committed to our mission, we will continue to oversee the strict implementation by all government agencies of the gender responsive policies, programs, projects and activities in the country,” Assistant Commissioner Castillo said.
“As the Philippine Government commits to the 2030 Agenda, COA would willingly join the convergence of the various implementing agencies. It has, in fact, started developing its own framework towards results-focused audit approach of GAD-related programs and activities through appropriate utilization of GAD-allotted funds. It will continue to be a leading pillar of transparent and accountable governance and a vibrant partner in nation-building,” she added. (To read the final paper, please click here)