COA Chairperson Michael G. Aguinaldo was guest speaker during the induction ceremony for the Philippine Institute of Civil Engineers 2020 National Officers and Directors held on 18 January 2020 at Seda Vertis North Hotel in Quezon City.
Chairperson Michael G. Aguinaldo and AMA University Chairman Dr. Amable R. Aguiluz V sign a Memorandum of Agreement for the provision of scholarship programs to employees of the Commission on 20 January 2020.
Chairperson Michael G. Aguinaldo and Commissioner Roland C. Pondoc with COA Officials during the Strategic Planning held at the Professional Development Center on 11 February 2020.
Former Assistant Commissioner Lourdes M. Castillo, Director Fortunata M. Rubico and Director Jonathan B. Beltran join resource persons from the Climate Change Commission during the Gender and Climate Change Orientation for the Commission on Audit on 3 to 4 March 2020.
Dr. Reynaldo O. Samson, from the Philippine National Police, discusses National Security, Local Security and Company Physical Security during the Symposium on Public Safety and Personal Security on 2 March 2020 at PIDS Auditorium.
Participants of the Advance Performance Audit Course held at the Professional Development Center on 10 February 2020.
COA Chairperson Michael G. Aguinaldo and COA Commissioner Roland C. Pondoc with Calamba Representative Joaquin M. Chipeco, Jr., Calamba City Mayor Justin Marc SB. Chipeco and COA Regional Office IV-A Director Mario G. Lipana lead the groundbreaking ceremony for the construction of the Provincial Satellite Auditing Office in Calamba, Laguna on 11 February 2020.
“Look at our society. Everyone wants to be thin, but nobody wants to diet. Everyone wants to live long, but few will exercise. Everybody wants money, yet seldom will anyone budget or control their spending”- John Maxwell
Commission on Audit (COA) Commissioner Roland C. Pondoc quoted American author John Maxwell during his online presentation as the keynote speaker for the National University Junior Philippine Institute of Accountants (NUJPIA) career path event with the theme, "UPSTREAM 2021: Streamlining the Realm of Accountants" held on 10 and 17 February 2021.
NUJPIA’s two-day series of webinars and activities aimed to help students and participants to know the different fields of Accounting and help them assess their core competencies and skills which are in line with their chosen profession.
Commissioner Pondoc’s talk was the fifth webinar topic. He discussed Public Accounting and its differences with Private Accounting. "Principally, there should be no difference among these two accounting systems, as both systems follow the same rules, same principle for debiting and crediting the transactions. However, the objectives of government institutions and private undertakings are quite different," Commissioner Pondoc explained.
The Commissioner said the objective of commercial undertakings is to earn profit, while the objective of government accounting is to present the true picture of the financial statement of government including the presentation of the annual budget, allocation, and monitoring of expenditures to ensure their best utilization for public purpose.
Commissioner Pondoc also talked about COA as a Supreme Audit Institution, the various kinds of audits and how COA communicates the results of its audits, COA's Strategic Goals, and various programs such as the Intensified Management Program on Integrity (#IMPro_Integrity_COA), the Joint Anti-Corruption Initiative of COA with the Ombudsman, and Citizen Participatory Audit.
We in COA are just doing our jobs because “Ang Bawat Sentimo ni Juan, Tapat Naming Babantayan,”” Commissioner Pondoc said, ending his presentation on a high note.
The Working Group on Public Debt (WGPD), under the auspices of the International Organization of Supreme Audit Institutions (INTOSAI), recorded many ‘firsts’ in Calendar year 2020.
Chaired by the Philippine Commission on Audit (COA) for three years since 2017, the WGPD’s mandate is to publish guidelines and other informational materials to be used by Supreme Audit Institutions to encourage proper reporting and sound public debt management.
While the COVID-19 pandemic gave rise to reassessments and changes in priorities and undertakings the overall direction for WGPD remained in accordance with its mandate set under INTOSAI Knowledge Sharing and Knowledge Services Committee (Goal 3). Looking back, WGPD takes pride in accomplishing the following feats:
GUID 5250 officially released
Now available in all INTOSAI languages, WGPD’s priority project formally-named the Guidance on the Audit of Public Debt or GUID 5250 gained the approval of the INTOSAI during the November 2020 Governing Board meeting. GUID 5250 is the first official document contributed by the SAI Philippines-led WGPD for the INTOSAI Framework of Professional Pronouncements.
It aims to effectively support INTOSAI goals and objectives to improve, develop, and adopt audit guidance and contribute to independent, high-quality public debt audits. SAI Philippines’ Technical Working Group (TWG) and four sub-task teams led by member-SAIs of Chile, India, Russia and the United States committed to a series of careful drafting of proposals, revisions of draft versions, quality reviews, finalization followed by the endorsement and translation.
Cooperative efforts with World Bank
In September 2020, the TWG proposed topics including ”Exploring SAIs' Roles in the Implementation of Sustainable Development Goals (SDGs) in the light of COVID-19” as well as ”Challenges and Opportunities for Public Debt Auditors in Audit of Public Debt and its Management” to the World Bank for future collaborations. WGPD and World Bank will steer series of webinars by 2021.
The Philippine Institute of Certified Public Accountants (PICPA) - Southern Mindanao Region (SMR), headed by Commission on Audit (COA) Commissioner Roland C. Pondoc, conducted the 2nd Government Summit Webinar via Zoom last 15 January 2021. The event was held in collaboration with PICPA General Santos City.
State Auditor Arjay T. Astillero of COA Regional Office No. XII was the resource speaker with the topic "Online Briefing on the Salient Points of the Government Accounting Manual (GAM) for Local Government Units (LGUs)."
The lecture aimed to facilitate the proper accounting of all financial transactions of the LGUs following the International Public Sector Accounting Standards (IPSAS) which shall be the framework for the preparation and presentation of the Financial Statements for the LGUs. Commissioner Pondoc, who is also the PICPA National Vice-President for the Government Sector, said the webinar also aims to further inform fellow accountants and those interested on how the GAM works.
Auditor Astillero talked about the legal bases, basic features and policies of GAM for LGUs and salient points of the Accounting System and Financial Reporting. The GAM prescribes the guidelines for the uniform recognition, measurement, presentation and disclosure of financial transactions, and preparation of financial reports in the LGUs. It covers the basic policies and standards, the chart of accounts, the detailed guidance for the recognition, measurement and presentation procedures, and the record and report form and formats.
After his lecture, Auditor Astillero gave time for questions and other clarifications for those who attended the webinar.
Aside from being a Certified Public Accountant, Auditor Astillero is also a Certified Fraud Examiner and the Audit Team Leader of COA Region 12 – Local Government Sector-B Team R12 No. 02.