The Department of Education (DepEd) has achieved a satisfactory mark in complying with the accounting standards set by the Commission on Audit (COA) for CY 2020 amid the challenges brought by the coronavirus disease (COVID-19).
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,
said Secretary Leonor Magtolis Briones.
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According to Undersecretary for Finance Annalyn Sevilla, some misstatements cited by COA in the CY 2020 Consolidated Annual Audit Report were identified as recording errors, which are now currently being rectified by DepEd as recommended by the auditing agency.
She added that DepEd was able to find ways to accomplish improvements on accounting standards and budget utilization in 2020 despite the limitations of the COVID pandemic, including having limited staff and mobility due to work-from-home and skeletal work arrangements.
She also added that the Department was able to overcome challenges in procurement and logistics as well as timeline constraints.
DepEd’s budget for 2020 was intended for traditional face-to-face instruction, and adjustments had to be made, and funds quickly realigned,
Usec. Sevilla said.
Moreover, after the Congress extended the validity of the Bayanihan 1 Act fund, its utilization rate is now at 93%.
As part of the implementation of Bayanihan 2, the Department has also recently distributed laptops and sim cards with connectivity load its personnel.
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,
Briones said.
She also highlighted that the Department is eager to sustain their momentum in upholding the principles of transparency and good governance for the benefit of Filipino learners.
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DepEd gets satisfactory mark on 2020 COA report
Reviewed by Issues PH
on
September 09, 2021
Rating:
Reviewed by Issues PH
on
September 09, 2021
Rating:
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