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CvSU MANUAL OF OPERATIONS
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Article 4. Accounting and Auditing of Accounts. In line with the COA
Circular No. 2001-004 dated 30 October 2001, the University shall
adhere to the prescribed New Government Accounting System (NGAS) in
ensuring proper accounting and auditing of all financial transactions of
the University.

Article 5. Internal Management Control (IMC). An Internal Management
Control System shall be established in the University that shall
safeguard assets, check the accuracy and reliability of its financial
data, promote operational efficiency, determine the effectiveness of
policies in the utilization of funds, and encourage adherence to
prescribed managerial policies.

a) The Internal Management Control System shall be under the direct
supervision of the Director for Administration / Administrative
officer and independent from other service functions as it
reviews the operations of other system.

b) The Internal Management Control shall regularly monitor and see
to it that the adopted plans are carried out effectively and
economically; make recommendations to improve and
strengthen the system.

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