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The Philippines – ISSAI implementation & Specialized audit manual for disaster related funds and activities

Beneficiary level: Country
Project status: Ongoing
Duration from: 2014-08-01
Duration to: 2018-03-31
Total budget (US Dollar): $278000
DAC Income classification: Lower Middle Income Countries

The Philippines Project has two components:

a. Adoption and implementation of ISSAI based Philippine Public Sector Standards of Auditing;
b. Development and adoption of a specialized audit manual for disaster related funds and activities.
In March 2015, the Commission on Audit issued an Office Order to create a Working Group to manage the project.  The Group was subsequently formed and a work plan was developed and approved in April 2015.  The Working Group is now in the process of drafting the PPSA 5500 series with Practice Notes.
Asian Development Bank would support the COA in financial audit compliance with ISSAIS under a regional project.
Collaboration with other Development Partners (DPs) is being made to ensure that the proposed project will complement and not overlap with other DPs’ efforts.  The Asian Development Bank (ADB) has been providing complimentary Technical Assistance (TA) grants to COA for developing audit capability to promote good governance.  ADB is considering a regional capacity development technical assistance (R-CDTA) that aims to empower four (4) SAIs (including COA) of the Association of South East Asia Nations (ASEAN) to improve the financial audit compliance with the international standards of SAI (ISSAI).  Some activities included in the ADB proposal will be jointly collaborated with development partners through parallel financing.  For the Philippines, activities related to the adoption and implementation of ISSAI based Philippine Public Sector Standards of Auditing will be funded by the World Bank.  ADB’s support to the Philippines SAI will focus on disseminating the ISSAI-based financial audit guidelines to other ASEANSAI members.
The budget for component 1 (165’514$) is slightly higher, than the one indicated in the INTOSAI-Donor Cooperation Database for the request issued by COA under the GCP 2013 (157’950$).
Supervision resources of the Bank task team have been allocated in the form of a BETF. The budget for component 1 is slightly higher than the original budget reflected in the INTOSAI-Donor Cooperation Database due to the inclusion of a component for the necessary external audit ($10,000).  The remaining difference is due to exchange rate fluctuations since the original submission.  The project will ensure that there will be no double financing for specific activities.

SAIs connected to this project

  • Philippines
How the project was initiated
Global Call 2013
Gender Relevance
Has the project/activity as an objective “the strengthening of the SAI Institutional Framework/ Independence”?
Contact person: Beneficiary SAI/Region/Committee
Luz Loreto-Tolentino Tel: +6329319278 or +6329317847 [email protected] or [email protected]
Source of funding
SAI Capacity Development Fund SAI CDF
Other Source of funding
Contact person: Provider of support
Rajat Narula,Lead Financial Management Specialist, [email protected]; Arun Manuja, Sr Financial Management Specialist [email protected]
Implementing agency(s)
SAI Philippines
Contact person: Implementing partner(s)
Luz Loreto-Tolentino Tel: +6329319278 or +6329317847 [email protected] or [email protected]
Type of support
Stand alone project
Support modality
Support categories covered
Organisational capacity, Financial audit, Compliance Audit, Performance audit, Other Specialized Audits
Is support based on beneficiary SAI/INTOSAI region Strategic Plan?
Link to related projects/programs
The Philippines -ISSAI Implementation, 2014-15
Any other information