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DepEd, got a ‘satisfactory mark’ in the 2020 COA report

Written by on September 9, 2021

The Department of Education (DepEd) has fully complied with the accounting standards of the Commission of Audit (COA) for CY 2020.

“Based on this year’s audit report, the Department has delivered an increase in the implementation of the compliance report through the substantial decrease in the misstatements noted by the Commission,” Secretary Leonor Briones said.

With the exception of the ‘satisfactory mark’, the department performed better than last year.

Undersecretary for Finance Annalyn Sevilla explained that some misstatements found by the COA in the CY 2021 Consolidated Annual Audit Report were recorded as recording errors.

This has been corrected by DepEd following the recommendations of the auditing agency.

Sevilla said the department has found ways to reach accounting standards and budget utilization by 2020 despite the limitations of the COVID-19 pandemic, such as limited staffing and mobility due to work-from-home and skeletal work arrangements.

He said DepEd also passed procurement and logistics tests including timeline constraints.

Sevilla also announced that the utilization rate of the Bayanihan 1 Act fund is at 93 percent after Congress extended its validity.

The department has already distributed laptops and sim cards with connectivity load to staff as part of the implementation of Bayanihan 2.

“DepEd, as always, remains committed to serving its mandate, and as such is working diligently to address concerns and gather feedback on its program implementation. We have been coordinating closely with COA and as a result of this, we are thankful to them to have our explanations included under Annex D in the CAAR 2020 report, ”said Briones.

The secretary added, “Being the largest bureaucracy in the country, we are eager to sustain our momentum of upholding the principles of transparency and good governance for the benefit of our Filipino learners.”

Source:https://radyo.inquirer.net/300372/deped-nakakuha-ng-satisfactory-mark-sa-2020-coa-report


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