AUDIT PROGRAM

Due from National Government Agencies (NGAs)

Agency : Philippine Coconut Authority Audit Period : January 2018 to December
2018

Account Description

Amount due from department, bureaus, and other offices of the National Government

Audit Risks:

The risk of unreconciled/unliquidated fund transfers recorded between the books of the
source and implementing government entities.

Audit Objectives

1. To determine that fund transfers exist as of balance sheet date.

2. To determine that all transactions relating to fund transfers have been properly
recorded.
3. To determine that transactions recorded represent valid and legal claims from the
fund transfers.
4. To determine that fund transfers are recorded at the proper amount..

Audit Procedures
WP Personnel Date Date
Activities Ref Assigned Assigned Completed
1. Obtain copies of memorandum of O 1-24 CRIZZA
agreement/ understandings, reports of P 1-8
collections, reports of disbursement and Q 1-9
other documents to support the constitution R 1-13
of fund transfers. Examine documents as S 1-7
to: T 1-4
U 1-6
 Regularity and validity V 1-7
 Authorization and approval W 1-9
 Computations
 Accounting entries

2. Take particular notice of provisions of D 1-2 -do-
the trust / MOA / MOU and see to it that
they are followed.

3. Obtain schedule of Due from NGAs E1 -do-

balances as of year-end. Compare
schedule total against balance of GL
controlling account. Investigate difference if
any.
 Personnel Date Date
Activities WP Assigned Assigned Completed
Ref
4. Request confirmation of Due from L 1-19 -do-
NGAs with government agencies and M 1-9
private creditors. Compare outstanding
accounts with Implementing Agencies (IA)
accounts. Investigate difference.

5. Examine Report of Disbursements. L 1-19 -do-

See that transactions pertaining to the audit
period are actually and properly recorded.

6. Review transactions immediately E1 -do-

after the audit period and ascertain that no
transactions pertaining to the audit period
are set up in the preceding/succeeding
period.

7. Investigate non-moving/dormant fund D 1-2 -do-

transfers accounts especially those that
remain as such for two years or more and
obtain explanations therefore.

Prepared By: Reviewed by

MA. CRIZZA JOY R. CHAVEZ ZENAIDA D. MACALINAO

State Auditor II State Auditor III
Audit Team Member OIC-Audit Team Leader

Approved by:

MARIA LINDA C. DECENA

State Auditor V
Supervising Auditor