Internal Auditing Act of 1962
Republic Act No. 3456, also known as the Internal Auditing Act of 1962, mandates the establishment of internal audit services across all departments, bureaus, and offices of the Philippine National Government. These services are designed to enhance efficient fiscal administration and effective agency operations. The Internal Audit Service operates under the supervision of the agency's chief or assistant chief and is tasked with developing and conducting audit programs. The Auditor General oversees the implementation of policies and training for these services, ensuring their continuous effectiveness. Funding for this initiative is to be included in the annual General Appropriations Act starting in 1963.
Quick Answers
- What is Internal Auditing Act of 1962 about?
- Republic Act No. 3456, also known as the Internal Auditing Act of 1962, mandates the establishment of internal audit services across all departments, bureaus, and offices of the Philippine National Government. These services are designed to enhance efficient fiscal administration and effective agency operations. The Internal Audit Service operates under the supervision of the agency's chief or assistant chief and is tasked with developing and conducting audit programs. The Auditor General oversees the implementation of policies and training for these services, ensuring their continuous effectiveness. Funding for this initiative is to be included in the annual General Appropriations Act starting in 1963.
- What type of law is Republic Act No. 3456?
- Internal Auditing Act of 1962 (Republic Act No. 3456) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Internal Auditing Act of 1962 enacted?
- Internal Auditing Act of 1962 (Republic Act No. 3456) was enacted on Jun 16, 1962.
- What is the citation for Internal Auditing Act of 1962?
- Internal Auditing Act of 1962, Republic Act No. 3456, Jun 16, 1962 (Philippines)
Law Information
- Reference Number
- Republic Act No. 3456
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 16, 1962
REPUBLIC ACT NO. 3456
AN ACT PROVIDING FOR THE CREATION, ORGANIZATION AND OPERATION OF INTERNAL AUDIT SERVICES IN ALL DEPARTMENTS, BUREAUS AND OFFICES OF THE NATIONAL GOVERNMENT
SECTION 1. The title of this Act shall be "Internal Auditing Act of 1962."
SECTION 2. There shall be created, organized and operated in all departments, bureaus and offices of the National Government, internal audit services which shall assist management to achieve an efficient and effective fiscal administration and performance of agency affairs and functions.
SECTION 3. The Internal Audit Service shall be under the direct administrative supervision and control of the chief and/or assistant chief 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 chief or assistant chief of the agency. cd
SECTION 4. The Auditor General shall be responsible for the promulgation and enforcement of general policies, rules and regulations on internal auditing. He shall coordinate and schedule the gradual installation of internal audit services in all departments, bureaus and offices in the National Government, and shall develop for execution, working plans and training programs to maintain continuously the effectiveness of these internal audit services. The Internal Auditing Coordinating Staff of the General Auditing Office shall assist the Auditor General in the discharge of these responsibilities.
SECTION 5. Such sums as may be necessary for the implementation of this Act shall be included in the annual General Appropriations Act beginning with the fiscal year nineteen hundred and sixty-three.
SECTION 6. This Act shall take effect upon its approval.
Approved: June 16, 1962.
Published in the Official Gazette, Vol. 58, No. 42, p. 6844 on October 15, 1962
Cite This Law
Internal Auditing Act of 1962, Republic Act No. 3456, Jun 16, 1962 (Philippines)
Internal Auditing Act of 1962, Republic Act No. 3456 (Phil. 1962)
Related Laws
- Amendments to R.A. No. 3456 (Internal Auditing Act of 1962)Republic Act No. 4177 • Mar 26, 1965 • Statutes
- Conversion of GAO Internal Auditing Coordinating Staff into a DepartmentRepublic Act No. 4115 • Jun 20, 1964 • Statutes
- General Appropriations Act of 1962-1963Republic Act No. 3500 • Jun 16, 1962 • Statutes
- Emergency Employment Act of 1962Republic Act No. 3466 • Jun 16, 1962 • Statutes
- Independence of General Auditing OfficeRepublic Act No. 2716 • Jun 18, 1960 • Statutes
- General Appropriations Act of 1961-1962Republic Act No. 3100 • Jun 17, 1961 • Statutes
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