Government accounting has been defined as follows: “Government accounting encompasses all part of the process of recording, collecting and disbursing of government…
G.R. No. 177131: BOY SCOUTS OF THE PHILIPPINES, petitioner, v. COMMISSION ON AUDIT, respondent. Promulgated: June 7, 2011 x-----------------------------------------------------------------------------------------x…
Chapter I Chapter I INTRODUCTION RATIONALE Cash is the most liquid asset of an agency. Because of its liquidity, it is so attractive, that it is most susceptible to theft…
SELECTIVE PRE-AUDIT ON GOVERNMENT TRANSACTIONS Brief Background traditionally, government auditing is on a pre-audit system General McArthur issued General Order No. 72 ON…