Amendments to R.A. No. 3456 (Internal Auditing Act of 1962)
Republic Act No. 4177, enacted on March 26, 1965, amends the Internal Auditing Act of 1962 by enhancing the structure and responsibilities of internal audit services across all government branches and controlled corporations in the Philippines. The Act mandates the establishment of these services to improve fiscal administration and agency functions, placing them under the direct supervision of agency heads. The chief of each Internal Audit Service is designated as a high-ranking official with direct reporting duties to agency leadership. Additionally, the Auditor General is tasked with enforcing auditing policies and coordinating activities to ensure the effectiveness of internal auditing across the government. The law took effect upon approval.
Law Information
- Reference Number
- Republic Act No. 4177
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 26, 1965
REPUBLIC ACT NO. 4177
AN ACT TO AMEND SECTIONS TWO, THREE AND FOUR OF REPUBLIC ACT NUMBERED THREE THOUSAND FOUR HUNDRED FIFTY-SIX, KNOWN AS "INTERNAL AUDITING ACT OF 1962"
SECTION 1. Sections two, three and four of Republic Act Numbered Three thousand four hundred fifty-six, otherwise known as the Internal Auditing Act of 1962, are amended to read as follows: cd i
"Sec. 2. There shall be created, organized and operated in all branches, subdivisions and instrumentalities of the government, including government-owned and/or controlled corporations to be known as agency for purposes of this Act, internal audit services which shall assist management to achieve an efficient and effective fiscal administration and performance of agency affairs and functions.
"Sec. 3. The Internal Audit Service shall be under the direct administrative supervision and control of the heads and/or assistant heads of the agency. It shall be organized as an independent staff unit and shall correspondingly perform staff functions. It shall be responsible for instituting and conducting a program of internal audit for the agency. The chief of the Internal Audit Service shall have the rank and salary equivalent to the third ranking official of the agency. He shall report directly to the head or assistant head of the agency.
"Sec. 4. The Auditor General shall be responsible for the promulgation and enforcement of general policies, rules and regulations on internal auditing, non-compliance or disregard of which shall be considered as a breach of official duty and may be used as a basis for an administrative action against the defaulting official. He shall coordinate government internal auditing activities and schedule the gradual installation of internal audit services in all branches, subdivisions and instrumentalities of the government, including government-owned and/or controlled corporations, and shall develop for execution, working plans and training programs to maintain continuously the effectiveness of these internal audit services. The Internal Auditing Coordinating Department of the General Auditing Office shall assist the Auditor General in the discharge of these responsibilities."
SECTION 2. This Act shall take effect upon its approval.
Approved: March 26, 1965 cd
Published in the Official Gazette, Vol. 62, No. 18, p. 2962 on May 2, 1966
Cite This Law
Amendments to R.A. No. 3456 (Internal Auditing Act of 1962), Republic Act No. 4177, Mar 26, 1965 (Philippines)
Amendments to R.A. No. 3456 (Internal Auditing Act of 1962), Republic Act No. 4177 (Phil. 1965)
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