![]() |
Commission on Audit (COA) top executives led by Chairperson Michael G. Aguinaldo and Commissioners Heidi L. Mendoza and Jose A. Fabia with PFMP Team Leader and Australian Department of Foreign Affairs and Trade Counsellor Daniel Featherston and Department of Budget and Management Undersecretary Richard E. Moya shortly after the Brown Bag Session hosted by the COA. |
Quezon City – The Philippines is gaining considerable ground in improving its public financial management system through programs that allow the government timely and accurate reporting of actual budget spending, accounting and auditing rules that adhere to international standards, and a broader and deeper citizen engagement in the budget process.
These reforms highlighted the Brown Bag Session on Public Financial Management (PFM) hosted by the Commission on Audit (COA) in coordination with the Department of Budget and Management (DBM) and the Philippines-Australia Public Financial Management Program (PFMP) held at the COA Professional and Institutional Development Sector Auditorium on June 16, 2015.
![]() |
Chairperson Aguinaldo welcomes participants to the PFM Brown Bag Session on Public Financial Management. |
The event updated 100 COA top executives led by COA Chairperson Michael G. Aguinaldo and Commissioners Heidi L. Mendoza and Jose A. Fabia, as well as auditors and support staff on the progress achieved by the PFM Reform Program which aims to improve efficiency, accountability and transparency in public fund use in order to ensure the direct, immediate, substantial and economic delivery of public services.