Chairperson Michael G. Aguinaldo together with other guest speakers during the Public Accounting Summit Against Corruption held at the Diamond Hotel, Manila on 09 December 2019.
Former Assistant Commissioner Lourdes M. Castillo, now a gender and development (GAD) consultant of COA, and Director Fortunata M. Rubico, Chairperson of the COA GAD Focal Point System, join officials of the Philippine Commission on Women and delegates from Thailand’s Department of Women’s Affairs and Family Development and Budget Bureau during a study visit on gender responsive budgeting in the Philippines on 16 October 2019.
International Public Sector Accounting Standards Board (IPSASB) Chair Ian Carruthers (center) with IPSASB representatives Ross Smith and David Watkins join COA officials and auditors after the Forum on International Public Sector Accounting Standards Updates on 10 October 2019.
Chairperson Michael G. Aguinaldo, Commissioner Jose A. Fabia, and Commissioner Roland C. Pondoc with other COA Officials receive the Bronze award for the GADtimpala 2018 conferred by the Philippine Commission on Women on 14 August 2019. The award recognizes COA’s significant contributions to gender equality and women empowerment especially in ensuring the judicious use of gender and development funds.
COA Officials and employees with the participants of the 11th Meeting of the Steering Committee of the International Organization of Supreme Audit Institutions (INTOSAI) Committee on Knowledge Sharing & Knowledge Service (KSC) held at Clark, Pampanga from 12-14 June 2019.
Officials of the Polytechnic University of the Philippines confer on COA Chairperson Michael G. Aguinaldo the degree of Doctor in Public Administration, honoris causa, on 23 April 2019.
Chairperson Michael G. Aguinaldo leads COA officials and employees during the groundbreaking ceremony of the Batangas Provincial Satellite Auditing Office on 23 April 2019.
Chairperson Michael G. Aguinaldo was the Guest of Honor at the 4th Founding Anniversary of the Philippine Coast Guard Logistics Systems Command on 23 April 2019.
Chairperson Michael G. Aguinaldo is conferred the degree of Doctor of Laws, honoris causa, by the Pamantasan ng Lungsod ng Maynila Chairman of the Board of Regents, Dr. Benjamin I. Espiritu, and University President, Dr. Ma. Leonora V. De Jesus, during the university’s 51st Commencement Exercise held at the Philippine International Convention Center on 27 March 2019.
Commission on Audit (COA) Chairperson Michael G. Aguinaldo and United Nations Development Programme (UNDP) Country Director Titon Mitra with COA officials and audit team members, and representatives from the UNDP, National Economic and Development Authority and implementing partners at the General Audit Debriefing on the FY 2015 Harmonized Approach To Cash Transfer (HACT) Transitional Audit Exercise on April 8, 2016.
The Commission on Audit (COA) successfully culminated the FY 2015 Harmonized Approach To Cash Transfer (HACT) Transitional Audit Exercise for the United Nations Development Programme (UNDP)-supported projects and programmes.
COA presented the highlights of the audit and audit opinion rendered on the financial reports at an audit debriefing held at the National Economic and Development Authority (NEDA) Boardroom in Pasig City on April 8, 2016.
The UNDP has sought the assistance of COA to provide annual audit services to UNDP supported projects and programmes. For the 2015 HACT Transitional Audit Exercise, audit teams focused on the areas of cash management, finance, asset management, procurement, general administration, human resource, assessment of the project’s internal control, and a general review of the project’s progress and timeliness in relation to progressed milestones and planned completion date.
Chairperson Michael G. Aguinaldo emphasized the valued partnership between UNDP and the COA while UNDP Country Director Titon Mitra welcomed the efforts of the audit teams in helping the UNDP ascertain the proper use of its resources.
As in the previous audits, COA is bound by the provisions of the Terms of Reference and guided by the UNDP Accounting Policies. In comparison with former UNDP audit exercises however, this present audit focused on the validation of almost 100% of the UNDP assets, exempting only those that are impractical to validate. COA Assistant Commissioner Susan P. Garcia is the Project Manager.
COA, UNDP, and NEDA officials with implementing partners consisting of various government agencies and intergovernmental/non-government organizations and COA audit teams attended the event. # – with report from Jennifer Andrea S. Imperial
Land Bank of the Philippines Assistant Vice President Reynaldo C. Copa explains the features of the new Check Image Clearing System at a presentation before COA officials and auditors on April 7, 2016.
Officials of the Commission on Audit (COA) and representatives from the Land Bank of the Philippines (LBP) discussed the various features and issues relating to the new Check Image Clearing System (CICS) to provide faster movement of funds and reduce or eliminate fraud at a presentation held at the COA CP Boardroom on April 7, 2016.
In the new CICS, a deposited check will be scanned and its electronic payment information and image will be transmitted throughout the entire clearing cycle. The original physical check will be removed from the clearing process. The new system is part of the Philippine Clearing House Corp. (PCHC)’s automated clearing system that integrates the CICS with the Electronic Fund Transfer Network.
LBP Assistant Vice President Reynaldo C. Copa, in his presentation, said the system will address geographical limitation by eliminating movement of physical paper, streamline the process and create a faster & more secured payment exchange environment.
“This new system will reduce the number of days for a check to be cleared. For instance, if a check deposited within cut-off time or 3 pm today, funds will be made available for withdrawal by 3 pm the next day. There will also be controls put in place to protect the integrity of the scanned checks,” Mr. Copa said.
The six minimum mandatory check security features are: security fibers (visible & invisible), embedded watermark of the PCHC logo, microprint of bank initials along the signatory line, microprint of the security printer’s name along the date line, “Copy” pantograph, and erasable ultraviolet (UV) ink/UV security features. To protect the payee, a drawer’s conformity statement will be included. The new checks will be launched by July 2016.
COA officials, for their part, expressed concern regarding the legality of the scanned checks as evidence, other requirements of investigating bodies and additional security features of the new check clearing system. COA officials said the rules of evidence should catch up with this new development in the banking system.
The LBP representatives also asked COA to revisit COA Circular No. 2012-005 on Prescribing the use of Punong Barangay Certification (PBC) and COA Auditor’s Advice (CAA) which provides, among others, the preparation of the CAA to a Government Servicing Bank holding further payment of checks issued by a barangay that has not submitted a copy of the PBC and other required documents. LBP and COA officials discussed various ways by which barangays can avoid being penalized a hefty amount for stop payments but must still be able to comply with the required documents.
Other LBP officials who attended the presentation were Vice President Ma. Eloisa C. Dayrit (Head, Banking Services Group), Vice President Ana S. Concha (Head, System Implementation Dept.), Mr. Raymond Santos of the System Implementation Dept. and COA-LBP branch manager Lourdes E. Flor. #
COA Chairperson addresses COAns during the Belen lighting ceremony on December 11, 2015.
The Commission on Audit (COA) family looks on the accomplishments of the year with gratitude as it celebrates the 2015 Christmas Season with the theme “COA Family in Thanksgiving.”
COA opened the celebration with the lighting of the Christmas tree and Belen ceremony led by COA Chairperson Michael G. Aguinaldo on December 11, 2015. This year’s giant Christmas tree was made from old tires and recycled materials.
A video presentation featuring the Christmas messages of Chairperson Aguinaldo and Commissioners Heidi L. Mendoza and Jose A. Fabia was played over the big screen.
“Christmas is celebrated as coming together of people,” said Chairperson Aguinaldo. The Chairperson observed that Christmas is more than just a religious celebration and is also a coming together of different cultures, noting that many of the traditions celebrated during Christmas came from various cultures which are not limited to a particular religion.
Commissioner Mendoza, for her part, said Christmas “is a pledge that light will overcome darkness.” Commissioner Mendoza encouraged everyone to do their jobs well so that they can be happy after their service in COA knowing that they did their best.
Meanwhile, Commissioner Fabia said that in the spirit of Christmas, COAns should look back at what they have accomplished and must always remember that “we are not only guardians of the public purse but also catalysts for excellent public service.”
The COA Christmas celebration includes a bingo game sponsored by the Philippine Government Audit Service Employees Association, a program for the kids of the COA Day Care Center, a lunch get-together and gift-giving with employees with Salary Grade 1-6 and job-order personnel, and a raffle draw sponsored by the Association of National Government Sector Auditors, Inc. # – Dennis Cariño