Section 36Sec./Art. 36

Audit by the Commission on Audit. - The books and accounts of the MIC shall be subject to the examination and audit of the Commission on Audit (COA) pursuant to Article IX of the 1987 Philippine Constitution. All financial transactions shall be governed by the applicable government laws, rules and regulations. The COA shall prescribe the guidelines of the audit of the MIC and the Fund under its management in accordance with international best practices. In defining the scope of its audit, the COA shall coordinate with the external auditor as provided under Section 35 of this Act. The COA shall conduct a special audit every five (5) years.