COA CIRCULAR NO. 2009-005, September 15, 2009
SUSPENSION OF ITEMS 3.1.6 AND 4.6 OF COA CIRCULAR NO. 2009-002 DATED MAY 18, 2009 AND OTHER PROVISIONS RELATING TO AUDIT OF PAYMENTS MADE THRU AUTOMATIC DEBIT ADVANCE (ADA)
18, 2009 re : Reinstuting Selective Pre-Audit on Government Transactions, reports from COA field auditors have identified that a
greater part of payments made thru ADA comprise of small transactions
that would render insignificant audit observations or audit findings.
Accordingly, in order to release field auditors trained in pre-audit
from the examination of minor transactions and instead focus this
Commission’s audit efforts on transactions that would yield a
significant impact on government operations, the pre-audit of payments
made thru automatic debit advice or ADA as included in Items 3.1.6,
4.6.1 and 4.6.2 of COA Circular No. 2009-002 is hereby suspended.
However, payments made thru ADA which fall within the monetary
thresholds specified in Item 4.3.2 of the circular shall be subject to
pre-audit.
All COA Circulars, Memoranda and other issuances inconsistent herewith are hereby revoked or modified accordingly.
This Circular shall take effect immediately.
Adopted: 15 Sept. 2009
(SGD.) JUANITO G. ESPINO, JR.
Commissioner
(SGD.) REYNALDO A. VILLAR
Chairman