THIRD PARTY GOVERNMENT AUDITS
THIRD PARTY GOVERNMENT AUDITS
My dear friends, according to Microsoft
Copilot, “the U.S. Government Accountability Office (GAO)
is responsible for conducting government audits. The GAO is an independent,
nonpartisan agency within the legislative branch that provides auditing,
evaluative, and investigative services for the United States Congress.
Often referred to as the "congressional watchdog," the GAO
investigates federal spending and performance to ensure accountability and
efficiency in government operations”.
I believe that the GAO was created under the legal
fiction that whoever appropriates the money, should audit the money. That is
the reason why the GAO was created by the US Congress, and it remains within
the legislative branch over there. For some reason, we did not copy that legal
fiction here in the Philippines. That is perhaps the reason why over here, the
Philippine Congress created the Commission on Audit (COA) as an independent commission
that outside both the legislative and the executive branches. The COA is so
independent and so powerful, that it could even audit the Philippine Congress
itself.
I do not know about you, but in my opinion, I prefer the
American legal fiction that the one who appropriates should be the one to
audit. Of course, we are an independent country, and we do not have to copy
everything that the Americans are doing, even if our system of government was
patterned after theirs. Yes, we might have copied, but we copied differently. Although
it has not done yet, the Philippine Congress also has the power to conduct
hearings about anything that the COA is doing, and that could take the form of
an audit.
Sad to say, there is there is still a lot
of corruption happening in the Philippine government, despite the supposedly strict
audits that the COA is doing. Is it because the corrupt officials are so good
at stealing the money, such that they can go around the COA? Or is it because the
COA is not so good at what they are doing, such that the corrupt officials are
finding it too easy to go around them? Since the stealing has been going on for
many decades despite the many years of auditing, is it not about time that we
try other approaches?
How about allowing third party audits by
private accounting firms in addition to the audits done by COA? Or how about
creating an office inside the Philippine Congress that is like the GAO? If the
Philippine Congress allows third party audits, we would have an additional
means of detecting corrupt expenditures by way of comparing the two audit
reports. And if the Philippine Congress conducts their own inhouse audits, it
would become easier for them to conduct budget hearings.
In theory, our Government Owned and
Controlled Corporations (GOCCs) should be able to operate freely as if they are
private corporations, so that they could generate the profits that they should.
As a possible innovation, they could be allowed to engage the services of
private accounting firms. Instead of policing them to find out what is being
stolen, we should just check their bottom lines to find out if they are meeting
their revenue targets or not. For sure, they could not achieve their revenue
targets if someone inside is stealing the money. Your friend, IKE SENERES/11-28-24/visit
my blog senseneres.blogspot.com
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