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 Commission on Audit (COA) thru the Human Resource Management Office (HRMO) has launched programs for Campus Recruitment I Career Fair as part of the initiatives under "Strengthen Capacity and Capability" of the COA Strategic Plan for 2016- 2022 which aims to intensify the recruitment process for potential recruits in the fields of Accounting/auditing, legal, information technology and other fields of discipline.
The HRMO, under the -leadership of Director Noel B. Clemente, received an overwhelming response from the country's leading universities and organizations after having a persistent communication with them on possible partnership. Beginning mid of 2016, the team led by Ms. Imelda V. Clave, Officer-In-Charge, Human Resource Policy Studies and Standard Services, already toured several prominent universities. It kicked off at the San Beda College, Manila on October 2016 with over a hundred attendees and University of Sto. Tomas with about nine hundred (900) attendees. Both schools have participants from other universities and colleges within the Metro Manila. It was followed by a 3-day job fair activity at the Ateneo De Manila University - School of Law on January 2017 where Director Carmelita T. Sanchez, Legal Services Sector, shared her knowledge about the legal profession and benefits from working in the Commission.
Aside from collaborating with learning institutions, the HRMO also participated in two Career Fairs conducted by the Professional Regulation Commission which coincided with the Oath Taking Ceremonies of nearly 5,000 new CPA board passers.
Among the entities from private and public sectors present in said activities are Bureau of Treasury, Land Bank, Development Bank of the Philippines, Bangko Sentral ng Pilipinas, Office of the President, Robinsons Land, JGS Petrochemicals, Malayan Insurance, SM Prime Holdings, Accenture, Grant Thornton International Ltd., Primer Group of Companies, Empire East Holdings, well-known law offices and more than 18 other institutions.
Additionally, the HRMO team also visited Review Centers to invite high potential CPAs/Lawyers to consider joining the COA workforce.
These Campus Recruitment activities are a step up of the campaign to introduce COA to the new talents and drum up interest to make it one of the top prospective employers among the applicants.
The Philippines-Australia Public Financial Management Program (PFMP) is assisting the Philippine government to start shifting from obligation-based appropriations to annual cash based appropriations as a disciplined measure to better manage public resources and deliver on its promise to double infrastructure spending and ramp up social sector spending.
The PFM principals comprised of the Department of Budget and Management (DBM), Bureau of the Treasury (BTr) and the Commission on Audit (COA), have endorsed the new reform strategy of introducing cash appropriations.
The foundation of this reform is to shift the focus of the budget system away from incurring obligations to spending cash.
Obligations are intentions, not expenditures. The current system of obligation-based appropriations does not promote disciplined execution of the annual budget,” said DBM Secretary Benjamin Diokno. This is the essence of a sound public financial management or PFM system: an annual budget that is promptly funded, implemented and accounted for.
The Government has committed to spend 7% of the country’s GDP on infrastructure following its aggressive mandate to “Build, Build, Build”—a program aimed at ushering in the “Golden Age of Infrastructure” for the Philippines.
“The political priority of the infrastructure agenda gives this PFM reform a hard edge. It is about making the PFM system fit for purpose,” said Gary Ellem, PFMP Team Leader. “We think this is a sound reform that is timely and will help the Government of the Philippines deliver. DBM, BTr and COA are right behind this. Although this reform is a significant change, it builds on key reforms that PFMP has supported in recent years like the TSA, BTMS and PREXC,” he added.
The Treasury Single Account (TSA) is a cash management system that consolidates government accounts and optimizes utilization of the government’s cash resources. The Budget and Treasury Management System (BTMS) is an integrated, web-based financial management information system that covers budget execution and reporting. Meanwhile, the PREXC restructures an agency’s budget around programs to promote a better focus on policy and performance. The move to annual cash based appropriations builds on all three reforms as the basis for a sound, transparent and efficient use of public funds. (contributed by the Public Financial Management Program)