COA bares digital transformation, using AI
To spot anomalies, fraud easily
THE Commission on Audit (COA) has bared its plans on digitally transforming the government’s accounting system and using artificial intelligence (AI) to spot patterns or anomalies in a bid to easily detect fraud.
Chairperson Gamaliel Cordoba outlined the audit commission’s plan for digitizing its systems along with his ten-point agenda in a recent strategic planning conference of COA attended by 140 senior officials.
Cordoba said that shifting towards digitalization includes developing an “easy-to-implement” government accounting system that is compliant with international standards.
He also plans to digitize government transactions and conduct audits via “e-audit”. This will include collections in partnership with all government agencies.
The COA chairperson hopes that in leveraging technology to improve audit techniques and procedures, there will be enhanced communication with the audited agencies and bodies with oversight over COA audit reports, especially Congress.
In early 2023, President Ferdinand R. Marcos, Jr. said that his administration will ramp up measures this year to digitalize the government to ensure efficient and fast delivery of services to the public.
Cordoba intends to complete COA’s digital transformation within seven years.
