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The Philippine Army has embarked on a 3-phase modernization program starting from 2013 to 2028 under the Revised AFP Modernization Program (RAFPMP) covered by Republic Act 10349, while still completing a previous modernization program spanning from 1995 to 2012 under the AFP Modernization Program (AFPMP) covered by Republic Act 7898. [155]
Specifically, Section 12 of this Act mandates that "the government arsenal shall be utilized in the production of basic weapons, ammunition and other munitions for the use of the Armed Forces of the Philippines and the Philippine National Police (PNP), as well as for the sale and export of products in excess of AFP/PNP requirements." [4]
An audit plan is the specific guideline to be followed when conducting an audit. [2] it helps the auditor obtain sufficient appropriate evidence for the circumstances, helps keep audit costs at a reasonable level, and helps avoid misunderstandings with the client. Audit planning includes establishing the overall strategy for the audit ...
The purpose of an audit is to provide an objective independent examination of the financial statements, which increases the value and credibility of the financial statements produced by management, thus increase user confidence in the financial statement, reduce investor risk and consequently reduce the cost of capital of the preparer of the ...
The Commission on Audit (COA; Filipino: Komisyon sa Awdit [2] or officially Komisyon ng Pagsusuri) is an independent constitutional commission established by the Constitution of the Philippines. It has the primary function to examine, audit and settle all accounts and expenditures of the funds and properties of the Philippine government .
The 2011 Armed Forces of the Philippines corruption scandal, also known as the " pabaon scandal", was a political scandal involving the alleged misuse of military funds by high-ranking members of the Armed Forces of the Philippines (AFP). The pabaon system referred to a practice of giving millions of pesos to chiefs of staff when they retire. [1]
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The Philippine Army (PA) (Filipino: Hukbong Katihan ng Pilipinas) is the main, oldest and largest branch of the Armed Forces of the Philippines (AFP), responsible for ground warfare and as of 2021 had an estimated strength of 143,100 soldiers [1] The service branch was established on December 21, 1935, as the Philippine Commonwealth Army.