Republic Acts1 min read
Section 51Sec./Art. 51
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Branch Accounting System; Financial Reports; Auditing Procedures; Annual Reports. The OWWA Regional Units shall maintain their respective books of accounts which shall be consolidated by the central office.
The OWWA shall install sound internal control and monitoring systems and submit quarterly prescribed Financial Statements to the COA, such as income statement, balance sheet, and cash flow as prescribed in post auditing reports by the COA.
The OWWA Secretariat shall submit a monthly fund utilization report to the Board, copies of which shall be made available to Congress.1wphi1 It shall also submit an Annual Report on its overall performance for the previous year within the first sixty (60) days of the following year to the OWWA Board, the Congress and the President of the Philippines, through the DBM.
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