Asst. Commissioner Emma M. Espina Commission on Audit

COA’s 7 POINT POLICY DIRECTION COA’s 7 POINT POLICY DIRECTION  Risk-Based Audit Approach  Selective Pre-Audit  Organizational Restructuring  Settlement of Accounts

COA’s 7 POINT POLICY DIRECTION COA’s 7 POINT POLICY DIRECTION  Fraud Audit  e-NGAS Assessment  Keeping the General Accounts of the Government

AUDIT CONCERNS 1. Timely submission of Financial Reports (Trial Balances, Financial Statements & supporting schedules) 2. Timely submission of Contracts/ Purchase Orders (POs)

3. Monthly preparation of Bank Reconciliation Statements 4. Reconciliation of subsidiary ledgers and general ledgers (Receivables/Payables/Fixed Assets) AUDIT CONCERNS

5. Analysis/adjustment of major, dormant accounts. AUDIT CONCERNS

PD No Section 122. Submission of Reports  Whenever deemed necessary in the exigencies of the service, the Commission may under regulations issued by it require the agency heads, chief accountants, budget officers, cashiers, disbursing officers, administrative or personnel officers, and other responsible

PD No Section 122. Submission of Reports officials of the various agencies to submit trial balances, physical inventory reports, current plantilla of personnel, and such other reports as may be necessary for the exercise of its functions. officials of the various agencies to submit trial balances, physical inventory reports, current plantilla of personnel, and such other reports as may be necessary for the exercise of its functions.

 Failure on the part of the officials concerned to submit the documents and reports mentioned herein shall automatically cause the suspension of payment of their salaries until they shall have complied with the requirements of the Commission. Continuation…. PD No Section 122. Submission of Reports Submission of Reports

 No appropriation authorized in the General Appropriation Act shall be available to pay the salary or any official or employee who violates the provisions of this section, without prejudice to any disciplinary action that may be instituted against such official or employee. Continuation…. PD No Section 122. Submission of Reports Submission of Reports