SURVEY QUESTIONNAIRE

Dear Respondent,

In line with the Initiative a.1.c entitled, “Explore deputizing external auditors and outsourcing
financial audits or components thereof,” of Goal A - Create Positive Impact of the 2016-2022 COA Strategic
Plan, may we seek your feedback, comment and recommendation on the items contained in this survey.

In the public sector, outsourcing is the “contracting out” to private sector providers certain
functions that traditionally have been provided by public employees.

Whereas, the Commission may, when the exigencies of the service so require, deputize and retain
in the name of the Commission such certified public accountants and other licensed professionals not in
the public service as it may deem necessary to assist government auditors in undertaking specialized audit
engagements. (Sec. 31 PD No. 1445)

Whereas, ISSAI 100 states that Financial Audit focuses on determining whether an entity’s
financial information is presented in accordance with the applicable financial reporting and regulatory
framework. This is accomplished by obtaining sufficient and appropriate audit evidence to enable the
auditor to express an opinion as to whether the financial information is free from material misstatement
due to fraud or error.

Thank you for agreeing to take part in this survey.

Part I: Profile of Respondent (Kindly provide the data requested)

Name (Optional)
Age
Position/Designation
Office/Sector □ Corporate Government Sector
(Kindly check which □ Parent GOCC
Sector you belong and □ Subsidiary
your audited □ Water District
agency/cies)
□ National Government Sector
□ Office of the Secretary/Staff Bureau
□ Regional Office
□ Operating Unit/Attached Agencies
□ District/Division Office
□ State Universities

□ Local Government Sector

□ Province
□ City
□ Municipality
□ Barangay

□ Others, (please specify) ____________________________________

Name of Agency
(Kindly fill-up)

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Part II: Questions
Please answer the following questions by checking the choices that correspond to your answer.

 Do you think there is a need for COA to outsource financial audit to private auditing
firms/external auditors?

□ Yes □ No

Why?
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________

 Which do you think should COA outsource?

□ Entire financial statement audit

□ Component/s of financial audit only

 If your answer is “entire financial audit”, which of the following agencies/units do you
think outsourcing is most applicable to?

□ Subsidiaries of Government-owned and Controlled Corporations

□ Water Districts
□ Barangays
□ State Universities and Colleges
□ National High Schools
□ Audit of International Organizations
□ Rate Audit
□ Others (please specify)
___________________________________________________________________________
__________________________________________________________________________
___________________________________________________________________________

 If your answer is “only component/s of financial audit”, which of the following do you
think should be outsourced?

□ Audit of computerized systems of the agency/auditee

□ Contracts review and technical inspection of projects
□ Appraisal of specialized unserviceable properties
□ Appraisal real properties for disposal/sale
□ Determination of fair market value of donated and other properties
□ Valuation of financial instruments
□ Actuarial estimates of employee benefits/insurances and retirement benefits
□ Others (please specify)
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________

 Specify reasons as to why COA should engage the services of private external auditors?
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 □ Lack of technical expertise
□ Insufficient internal workforce
□ Cost saving
□ Time saving
□ Time transmittal of audit reports
□ Others (please specify)
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 What factors should be considered in choosing private auditing firms/external auditors?

□ Proven track record

□ Cost of services
□ Guaranteed service level/ Commitment to deliver services as expected
□ Flexible contract options
□ Recommendations from other companies
□ Others (please specify)
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________

 How would outsourcing financial audit change/affect the work of COA auditors?

□ Improved quality of audit reports

□ Concentrate in the performance of other types of audits
□ Others (please specify)
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________

Other Comments/recommendations:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

_________________________
Signature of Respondent