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PRESIDENTIAL DECREE NO. 111
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PRESIDENTIAL DECREE NO. 111 -
DECLARING THE EFFECTIVITY OF THE CREATION OF THE COMMISSION ON
AUDIT AS PROVIDED IN THE NEW CONSTITUTION AND PROVIDING
GUIDELINES FOR THE OPERATION THEREOF
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WHEREAS, on January 17, 1973, the new
Constitution became effective when it was ratified by the people as
announced by Proclamation No. 1102 issued on the same date;
and chanroblesvirtualawlibrary
WHEREAS, the new Constitution provides for an independent
Commission on Audit composed of a Chairman and two Commissioners,
and as a result of the effectivity of the new Constitution the
Commission on Audit provided therein is deemed to have come into
existence; chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the
Constitution as Commander-in-Chief of all the Armed Forces of the
Philippines, and pursuant to Proclamation No. 1081 dated
September 21, 1972, and General Order No. 1 dated September 22,
1972, do hereby declare and decree:cralaw:red
1. The Commission on Audit provided in the new
Constitution (Art. XII) is now in existence.
2. The Commission on Audit shall function in
accordance with the pertinent provisions of the Constitution and
existing laws, rules and regulations which are not in conflict or
incompatible with the provisions of the Constitution.
3. The Commission, in the discharge of its duties
and functions, shall see to it that government funds and property
are fully protected and conserved and that irregular,
unnecessary, excessive or extravagant expenditures or uses of
such funds and property are prevented.
This Decree is hereby made part of the law of the land and shall
take effect immediately. chanroblesvirtualawlibrary
Done in the City of Manila,
this 26th day of January, in the year of Our Lord, nineteen
hundred and seventy-three.
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