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Clarification on the use of the phrase 'Highest COA Audit Rating'

Published: 22 June 2022
 

Given the misconception that the use of the phrase “highest COA audit rating” may cause and its potential impact to decision makers and the public, the Commission on Audit (COA) would like to clarify again that an audit opinion should not be viewed as a rating, score or grade, with ranking of lowest to highest.

An audit opinion pertains only to the financial audit conducted regularly by COA auditors on the agencies within its jurisdiction. It may be unmodified or modified, depending on whether an agency’s financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework.

An unmodified opinion (also referred to as unqualified opinion) is issued when the auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework. Meanwhile, a modified opinion – includes qualified, adverse and disclaimer of opinion - is issued when the auditor concludes that, based on the audit evidence obtained, the financial statements as a whole are not free from material misstatement; or is unable to obtain sufficient appropriate audit evidence to conclude that the financial statements as a whole are free from material misstatement.

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COA Chair administers oath to new officials of auditors’ group
Published: 8 August 2024

COA Chairperson Gamaliel A. Cordoba (seated, center) with Commissioners Roland Café Pondoc and Mario G. Lipana join Assistant Commissioner Martha Roxana C. Sese and the new Board of Trustees of the Association of National Government Sector Auditors, Inc. after the oath taking ceremony at the COA Commission Proper Boardroom on 31 July 2024.  

Commission on Audit (COA) Chairperson Gamaliel A. Cordoba recently administered the oaths of office to newly elected members of the board of trustees of the Association of National Government Sector Auditors, Inc. (ANGSAI).

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COA Auditors attend the Audit Capacity Building Training Program sponsored by the Board of Audit and Inspection of the Republic of Korea
Published: 6 August 2024

Ten Commission on Audit (COA) auditors recently attended the Single Country Audit Capacity Training Program hosted by the Board of Audit and Inspection (BAI) of South Korea, through its Audit and Investigation Training Institute (AITI).

Held in Seoul, South Korea from 17 to 27 June 2024, the training was facilitated by the COA International Audit and Relations Office. The COA participants in the training program were Assistant Directors Marilyn B. Miran from the Local Government Audit Sector, Richard M. Fulleros from the Corporate Government Audit Sector (CGAS), and Abdul Nassif M. Faisal from CGAS, Atty. Elizabeth P. De Vera from COA Regional Office No. I, Ms. Maria Sharon B. Reyes from COA Regional Office No. V, Mr. John Gilbert P. Pio from the National Government Audit Sector (NGAS), Ms. Mary Grace S. Calamba from NGAS, Ms. Maria Shella P. Malabanan from CGAS, Ms. Vida Nathania L. Pimentel from CGAS, and Ms. Jouella Kay A. Carag from CGAS.

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COA holds Learning and Development Summit for 2024: Revolutionizing COA’s Capacity Building with up-to-date L&D Strategies
Published: 4 July 2024

Professional Development Office (PDO) Directors Mary Joyce G. Eruma and Olympia P. Balugay with guest resource persons and training specialists from the PDO and regional training units

 

The Commission on Audit (COA) conducted the first Training Specialists Competency Updates/ Learning and Development Summit as part of its continuous efforts to bridge the competency gap of its workforce. Sixty-four Training Specialists (TS) from the COA Professional Development Office (PDO) and Regional Training Units (RTUs) participated in the event that was hosted by the COA Regional Office No. XI on 18-20 June 2024 in Davao City.

The initiative is part of the PDO’s focus for 2024 to further enhance the capacity of COA TS and facilitators as well as calibrate its existing training plan to attune with the latest developments in the field and realize overall organizational goals. It aims to equip COA personnel holding TS positions and those who are performing the functions of a TS, with the latest innovations in managing training activities, either in-person or online, and to hone their processing/observation skills with other training-development solutions, all geared towards attaining personal and organizational excellence and integrity.

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Tagaytay City DRRM conducts training on basic first aid and disaster risk reduction management for COA International Training Center and Dormitory personnel
Published: 25 June 2024

As part of the Commission on Audit’s (COA) commitment to provide relevant and adequate skills trainings for its personnel assigned at the COA International Training Center and Dormitory (CITCD), it initiated the conduct of the “Training on Basic First Aid and Disaster Risk Reduction Management (DRRM)” held on 10-11 June 2024. The training was spearheaded by the Technical Working Group (TWG), Secretariat, and Committee on Training and Advocacy (CTA), all of COA Gender and Development Focal Point System (GFPS); and the General Services Office (GSO) of the COA Administration Sector, in coordination with the Tagaytay City Department of Disaster Risk Reduction and Management Office (TCDRRMO).

On the first day of the training, Assistant Commissioner Fortunata M. Rubico, TWG Chair, COA GFPS, provided insights on critical gender issues during disaster occurrence affecting women and children, and other vulnerable sectors. For the CITCD personnel, as first responders during major disaster events and emergency situations within the premises, they should possess the necessary knowledge, skills and adequate training on basic first aid and DRRM that is in synch with the appropriate disaster responses of the Tagaytay City Government.

Assistant Commissioner Fortunata M. Rubico explains the importance of disaster preparedness of CITC personnel.

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