COA, WB to collaborate in enhancing accountability processes

INQUIRER FILES

MAKATI, Philippines—The Commission on Audit (COA) and World Bank held a meeting last October 23 to forge stronger collaboration in accountability processes in government and showcasing COA’s best audit practices globally.

COA Chairperson Gamaliel A. Cordoba led the COA delegation in a meeting with WB senior financial management specialists led by Patrick Piker Umah Tete.

Cordoba said he was looking forward to stronger collaboration with WB especially in the area of digitalization.

COA Assistant Commissioners Alexander B. Juliano, Adela L. Dondonilla, Roy L. Ursal and Lito Q. Martin and Director Haide T. Espuelas were at the meeting, too.

WB acknowledged COA’s excellent audit work and noted that as a Supreme Audit Institution, COA is leading globally especially with the uniqueness of its Citizen Participatory Audit (CPA) program.

WB would re-engage with COA to see how the CPA has evolved and how it limits risk exposure and enhances accountability.

WB and COA will also work together to improve audit of WB-funded projects, boost internal audit functions across government and other accounting and auditing reforms under the Public Financial Management Reform Roadmap.