ARTICLE IX
D. THE COMMISSION ON
AUDIT
Section 1. (1) There shall be
a Commission on Audit composed of a Chairman and two Commissioners, who
shall be natural-born citizens of the Philippines and, at the time of
their
appointment, at least thirty-five years of age, Certified Public
Accountants
with not less than ten years of auditing experience, or members of the
Philippine Bar who have been engaged in the practice of law for at
least
ten years, and must not have been candidates for any elective position
in the elections immediately preceding their appointment. At no time
shall
all Members of the Commission belong to the same profession.
(2) The Chairman and the
Commissioners shall be appointed by the President with the consent of
the
Commission on Appointments for a term of seven years without
reappointment.
Of those first appointed, the Chairman shall hold office for seven
years,
one Commissioner for five years, and the other Commissioner for three
years,
without reappointment. Appointment to any vacancy shall be only for the
unexpired portion of the term of the predecessor. In no case shall any
Member be appointed or designated in a temporary or acting capacity.cralaw:red
Section 2. (1) The Commission
on Audit shall have the power, authority, and duty to examine, audit,
and
settle all accounts pertaining to the revenue and receipts of, and
expenditures
or uses of funds and property, owned or held in trust by, or pertaining
to, the Government, or any of its subdivisions, agencies, or
instrumentalities,
including government-owned or controlled corporations with original
charters,
and on a post- audit basis: (a) constitutional bodies, commissions and
offices that have been granted fiscal autonomy under this Constitution;
(b) autonomous state colleges and universities; (c) other
government-owned
or controlled corporations and their subsidiaries; and (d) such
non-governmental
entities receiving subsidy or equity, directly or indirectly, from or
through
the Government, which are required by law or the granting institution
to
submit to such audit as a condition of subsidy or equity. However,
where
the internal control system of the audited agencies is inadequate, the
Commission may adopt such measures, including temporary or special
pre-audit,
as are necessary and appropriate to correct the deficiencies. It shall
keep the general accounts of the Government and, for such period as may
be provided by law, preserve the vouchers and other supporting papers
pertaining
thereto.cralaw:red
(2) The Commission shall
have exclusive authority, subject to the limitations in this Article,
to
define the scope of its audit and examination, establish the techniques
and methods required therefor, and promulgate accounting and auditing
rules
and regulations, including those for the prevention and disallowance of
irregular, unnecessary, excessive, extravagant, or unconscionable
expenditures
or uses of government funds and properties.cralaw:red
Section 3. No law shall be
passed exempting any entity of the Government or its subsidiaries in
any
guise whatever, or any investment of public funds, from the
jurisdiction
of the Commission on Audit.cralaw:red
Section 4. The Commission
shall submit to the President and the Congress, within the time fixed
by
law, an annual report covering the financial condition and operation of
the Government, its subdivisions, agencies, and instrumentalities,
including
government-owned or controlled corporations, and non-governmental
entities
subject to its audit, and recommend measures necessary to improve their
effectiveness and efficiency. It shall submit such other reports as may
be required by law.
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