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Phil Govt Audit Updates

The Philippine government's audit system is being modernized through initiatives led by the Commission on Audit (COA), focusing on digital transformation, legislative reforms, and strategic planning. Key developments include the expanded audit scope, the Revised Government Auditing Act, and the establishment of specialized sectors within COA. These changes aim to enhance transparency, efficiency, and accountability in government auditing practices.

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Rhea Binaya
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16 views15 pages

Phil Govt Audit Updates

The Philippine government's audit system is being modernized through initiatives led by the Commission on Audit (COA), focusing on digital transformation, legislative reforms, and strategic planning. Key developments include the expanded audit scope, the Revised Government Auditing Act, and the establishment of specialized sectors within COA. These changes aim to enhance transparency, efficiency, and accountability in government auditing practices.

Uploaded by

Rhea Binaya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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PUBLIC FISCAL ADMINISTRATION -GROUP 8

STATE AUDITING IN THE PHILIPPINES

LATEST
DEVELOPMENT IN
PHILIPPINE
GOVERNMENT AUDIT
Presented by:

JOELLYN D. BERGADO
RHEA C. BINAYA
MPA-1
The Philippine
government's audit
landscape is undergoing
significant modernization,
with the Commission on
Audit (COA) leading
efforts to enhance
transparency, efficiency,
and accountability
PUBLIC FISCAL ADMINISTRATION -GROUP
8
STATE AUDITING IN THE PHILIPPINES

1. Digital Transformation of State Audit


2. Revised Government Auditing Act
3. Strategic Plan 2023–2029
4. Public Financial Management Reforms
5. Challenges in Audit Report Publication

Legislative Reforms: Modernizing the Auditing


Framework
💻 Digital Transformation: Embracing Technology in
Auditing

🌐 International Collaboration: Strengthening Global


Audit Practices
📈 Strategic Planning and Performance
LATEST DEVELOPMENT IN PHILIPPINE GOVERNMENT AUDIT
PUBLIC FISCAL ADMINISTRATION -GROUP
8
STATE AUDITING IN THE PHILIPPINES

Legislative Reforms: Modernizing the Auditing Framework

• Expanded Audit Scope: The COA can now


audit transactions up to 10 years old, including
intelligence and confidential funds, which can be
re-audited at the Chairperson's discretion.

• Digital Transformation: Institutionalization


of electronic transactions and digital audit trails,
enhancing efficiency and transparency.

• Enhanced Organizational Structure: The


COA's structure has been reorganized into 11
specialized sectors, each with clearly defined roles
and responsibilities.

LATEST DEVELOPMENT IN PHILIPPINE GOVERNMENT AUDIT


LATEST DEVELOPMENT

IN PHILIPPINE

GOVERNMENT

AUDIT
Digital
Transformation
PUBLIC FISCAL ADMINISTRATION -GROUP 8
STATE AUDITING IN THE PHILIPPINES LATEST DEVELOPMENT IN PHILIPPINE GOVERNMENT AUDIT

LATEST DEVELOPMENT

IN PHILIPPINE

GOVERNMENT

AUDIT
PUBLIC FISCAL ADMINISTRATION -GROUP 8
STATE AUDITING IN THE PHILIPPINES LATEST DEVELOPMENT IN PHILIPPINE GOVERNMENT AUDIT

Recent Developments

Digital Transformation:
COA has embraced digital tools for auditing,
including electronic receipts and payments,
enhancing efficiency and transparency
Revised
Government
Auditing Act
PUBLIC FISCAL ADMINISTRATION -GROUP 8
STATE AUDITING IN THE PHILIPPINES LATEST DEVELOPMENT IN PHILIPPINE GOVERNMENT AUDIT

Recent Developments

Revised Government
Auditing Act:
A legislative update
reorganizing COA and
empowering auditors with
digital capabilities, aiming to
modernize auditing practices.
PUBLIC FISCAL ADMINISTRATION -GROUP 8
STATE AUDITING IN THE PHILIPPINES LATEST DEVELOPMENT IN PHILIPPINE GOVERNMENT AUDIT

COA CIRCULARS

COA CIRCULAR NO. 2025-002 - January 28, 2025


General Accounting Guidelines on Provider Payment
Mechanisms for the Implementation of the PhilHealth's
Prospective Payment Mechanisms (PPMs) for Health Care
Provider Networks (HCPNs) and Directly Contracted Health
Facilities
Thank you for
Listening!!!

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