Title
Development Bank of the Philippines vs. Commission on Audit
Case
G.R. No. 88435
Decision Date
Jan 16, 2002
DBP hired a private auditor for World Bank loan compliance; COA objected, claiming exclusive audit power. Supreme Court ruled COA’s power non-exclusive, upheld private audit as necessary and reasonable.

Case Summary (G.R. No. 88435)

Constitutional Authority

Article IX-D, Section 2(1) grants COA power to “examine, audit, and settle all accounts” of government entities but does not expressly declare it exclusive. Section 2(2) grants COA “exclusive authority” to define audit scope and disallow irregular expenditures. Deliberations reveal framers rejected proposals to make audit power exclusive, permitting concurrent private audits for investment or privatization needs. Section 3 prohibits exempting any government entity from COA jurisdiction but does not bar concurrent audits. Article XII, Section 20 empowers the Central Bank to supervise and regulate banks, including examination and audit, establishing concurrent constitutional audit jurisdiction between COA and Central Bank.

Statutory Framework

Presidential Decree No. 1445 (Government Auditing Code) defines COA’s general jurisdiction (§ 26) and authorizes COA to deputize private professionals (§ 31) or review government contracts for audit-related services (§ 32) but does not prohibit government entities from hiring independent auditors. Central Bank Circular No. 1124, pursuant to RA 337 and the 1973/Freedom Constitutions, mandated independent audits for all banks alongside COA audits. Subsequent statutes (RA 7653, RA 8791) preserved Central Bank and Monetary Board powers to require and supervise independent audits.

Issues

  1. Whether the COA’s constitutional power to audit government banks is exclusive and precludes concurrent private audits.
  2. Whether any statute prohibits or authorizes government banks to hire private auditors in addition to COA.
  3. If hiring private auditors is lawful, whether DBP’s engagement was necessary and fees reasonable.

Court’s Analysis & Ruling

  1. Exclusive Power to Audit: The Constitution distinguishes non-exclusive audit power (§ 2(1)) from exclusive regulatory authority (§ 2(2)). Framers intentionally omitted “exclusive” in § 2(1), permitting concurrent private audits where commercial practice demands. Central Bank’s constitutional supervision and audit power under Article XII, Section 20 further confirm concurrent jurisdiction. 2. Statutory Prohibitions/Authorizations: PD 1445 §§ 26, 31, 32 define COA’s jurisdiction and deputization authority but do not bar independent audits by government banks. Central Bank Circular No. 1124, valid under freedom and 1987 Constitutions and banking laws, imposed mandatory independent audits “in addition to” COA audits. RA 8791 and RA 7653 reiterate Central Bank’s audit powers. 3. Necessity and Reasonableness: Private audit was a Worl

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