The Senate is set to vote on proposed amendments to the outdated Government Audit Code of 1978, marking a significant step toward modernizing the country’s audit and fiscal accountability framework.
Senate President Juan Miguel Zubiri emphasized that the updates aim to align the code with current technological advancements and best practices.
The reforms include enhanced transparency measures and stronger oversight of the use of public funds, particularly amid rising concerns about corruption and inefficiencies.
If passed, the amendments will streamline auditing processes and improve fiscal management across all government agencies.
The proposed changes have garnered broad support, with lawmakers recognizing their necessity in ensuring financial integrity and public trust.
Source: PhilNews24 | January 3, 2025
