The Commission on Audit (CoA) and the World Bank held a meeting on October 23, 2024 to build stronger collaboration in improving government accountability processes and raising the profile of CoA best audit practices globally.
CoA Chairman Gamaliel A. Cordoba led the CoA delegation during a meeting with senior financial management specialists from the World Bank led by Patrick Piker Umah Tete. Chairman Cordoba said he looks forward to stronger cooperation with the World Bank, especially in the area of digitalization in conducting audits. CoA Deputy Commissioners Alexander B. Juliano, Adela L. Dondonilla, Roy L. Ursal and Lito Q. Martin and Director Haide T. Espuelas also participated.
The World Bank recognized the CoA’s excellent audit work and noted that the CoA is a world-leading supreme audit institution, largely due to the uniqueness of its Citizen Participatory Audit (CPA) program.
The World Bank wants to work again with the CoA to see how the CPA has evolved after it was institutionalized and how it limits risk exposure and increases accountability.
The World Bank and the CoA will also work together to improve the audit of World Bank-financed projects, strengthen internal government audit functions, and other accounting and audit reform initiatives under the Roadmap for Public Financial Management Reform.
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