Monday, June 22, 2009

Selective Pre-audit on Government Transactions

Starting July 1, 2009, the Commission on Audit through COA Circular no. 2009-002 dated May 18, 2009, is reinstituting selective pre-audit on government transactions. This is because of recent developments which gave rise to incidents of irregular, illegal, wasteful and anomalous disbursements of huge amounts of public funds and disposal of public property. Indeed corruption is everywhere nowadays, you can see or hear it in the news everyday pointing to the need to consider restoring pre-audit as a deterrent against resurgence of the observed maladies. For a full text of COA Circular no. 2009-002, please click below:

COA Circular No. 2009-002

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