GOVERNMENT ENTITIES

CHARGED WITH ACCOUNTING RESPONSIBILITY

GOVERNMENT ENTITIES CHARGED WITH
ACCOUNTING RESPONSIBILITY
• Commission on Audit (COA)
• Department of Budget and Management (DBM)
• Bureau of Treasury (BTr)
• Other government agencies
• Example:
• Philippine Tax Collecting Agencies
• Bureau of Internal Revenue (BIR)
• Bureau of Customs (BOC)

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Commission on Audit (COA)
The COA:
• Has the exclusive authority to promulgate accounting
and auditing rules and regulations.
• Keeps the general accounts of government, supporting
vouchers, and other documents.
• Submits financial reports to the President and Congress.

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Department of Budget and Management (DBM)

• DBM is responsible for the formulation and

implementation of the national budget with the
goal of attaining the nation’s socio-economic
objectives.

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Bureau of Treasury (BTr)
• The BTr functions under the Department of Finance
(DoF) and is the cash custodian of the government.
• The BTr is authorized to:
Receive and keep national funds and manage and
control the disbursements thereof; and
Maintain accounts of financial transactions of all
national government offices, agencies, and
instrumentalities.

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Government Agencies
• Refers to any department, bureau, or office of the
national government, or any of its branches and
instrumentalities, or any political subdivision, as
well as any GOCCs, including its subsidiaries, other
self-governing or commission of the government.
• They are responsible in directly implementing the
projects of, and performing the functions delegated
by, the government.

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Bureau of Internal Revenue (BIR)
• The BIR functions under the Department of Finance
(DoF).
• Its powers and duties shall comprehend the
assessment and collection of all national internal
revenue taxes, fees, and charges, and the
enforcement of all forfeitures, penalties, and fines
connected therewith, including the execution of
judgments in all cases decided in its favor by the
Court of Tax Appeals and the ordinary courts. 

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Bureau of Customs (BoC)
• BoC is a Philippine government agency under the
Department of Finance.
• It is responsible for:
• Regulating and facilitating trade;
• Assessment and collecting import duties and taxes;
• Combating illegal trade and other forms of customs
fraud; and
• Devising and managing customs management systems
for trade facilitation