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    COMMISSION ON AUDIT CIRCULAR NO. 92-391 November 25, 1992 TO

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    This document summarizes Memorandum Circular No. 155 from the President of the Philippines requiring government officials and employees to settle any outstanding cash advances and obtain clearance before transferring positions or resigning. It directs all government agency heads to enforce this policy in order to improve controls over cash advances and ensure liquidation. Auditors are also directed to monitor compliance with the new requirements.

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    COMMISSION ON AUDIT CIRCULAR NO. 92-391 November 25, 1992 TO

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    bol
    24 views2 pages
    This document summarizes Memorandum Circular No. 155 from the President of the Philippines requiring government officials and employees to settle any outstanding cash advances and obtain clearance before transferring positions or resigning. It directs all government agency heads to enforce this policy in order to improve controls over cash advances and ensure liquidation. Auditors are also directed to monitor compliance with the new requirements.

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    C92-391

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    C92-391

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    This document summarizes Memorandum Circular No. 155 from the President of the Philippines requiring government officials and employees to settle any outstanding cash advances and obtain clearance before transferring positions or resigning. It directs all government agency heads to enforce this policy in order to improve controls over cash advances and ensure liquidation. Auditors are also directed to monitor compliance with the new requirements.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    24 views2 pages

    COMMISSION ON AUDIT CIRCULAR NO. 92-391 November 25, 1992 TO

    Uploaded by

    bol
    This document summarizes Memorandum Circular No. 155 from the President of the Philippines requiring government officials and employees to settle any outstanding cash advances and obtain clearance before transferring positions or resigning. It directs all government agency heads to enforce this policy in order to improve controls over cash advances and ensure liquidation. Auditors are also directed to monitor compliance with the new requirements.

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    © All Rights Reserved
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    Download as doc, pdf, or txt
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    COMMISSION ON AUDIT CIRCULAR NO.

    92-391 November 25, 1992

    TO : All Heads of Departments, Chiefs of Bureaus, Agencies and Officers of the


    National Government; Managing Heads of Government-Owned and/or
    Controlled Corporations, Boards and Commissions, Chief
    Accountants/Corporate Treasurers; Provincial Governors; City and Municipal
    Mayors; Provincial, City and Municipal Treasurers; Heads of Auditing Units,
    National, Corporate and Local Sectors and All Others Concerned.

    SUBJECT: Memorandum Circular No. 155, on Requiring the Settlement of and Clearance
    from Accountabilities of Government Officials and Employees Prior to Their
    Transfer or Acceptance of Their Resignation.

    For the information and guidance of all concerned, quoted hereunder is the full text of
    Memorandum Circular No. 155, of the President of the Philippines, viz:

    "OFFICE OF THE PRESIDENT


    OF THE PHILIPPINES
    Malacaang

    MEMORANDUM CIRCULAR NO. 155

    REQUIRING THE SETTLEMENT OF AND CLEARANCE FROM ACCOUNTABILITIES OF


    GOVERNMENT OFFICIALS AND EMPLOYEES PRIOR TO THEIR TRANSFER OR
    ACCEPTANCE OF THEIR RESIGNATION.

    The attention of this Office has been invited by the Chairman, Commission on Audit,
    regarding cash advances of government officials and employees which remain unliquidated
    and are carried over from year to year in the books of the agencies concerned.

    Pursuant to COA Circular No. 90-331 dated May 3, 1990 and in the interest of the
    government, all heads of departments, bureaus, offices and instrumentalities of the
    government, including government-owned or controlled corporations, are hereby directed to
    require all government officials and employees in their respective offices with cash advances,
    to settle and secure clearances from their accountabilities before being allowed to transfer or
    resign from their positions.

    Strict compliance herewith is enjoined.

    Manila, June 15, 1992.

    By authority of the President:

    (SGD.) FRANKLIN M. DRILON


    Executive Secretary"
    Accordingly, all agency heads concerned are requested to exact compliance with the
    above-quoted circular in order to provide a more effective control in the granting, utilization and
    liquidation of cash advances. Moreover, all Auditors are directed to monitor compliance
    therewith.

    Be guided accordingly.

    (SGD.) SOFRONIO B. URSAL, Commissioner


    (SGD.) ROGELIO B. ESPIRITU, Commissioner
    (SGD.) EUFEMIO C. DOMINGO, Chairman

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