A Business Intelligence in a Government Perspective

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Generating reliable, accurate, and timely data is very important. In auditing, these are the requirements for the data to be useful in an audit. The Commission on Audit (COA) is a government organization that has the power, authority, and duty to examine, audit, and settle all accounts of all government offices, agencies, and institutions. The accounts include all revenues, expenditures, and properties of the government of the Philippines (Article IX - Section D. Commission on Audit, 1987).

It is important to have accessible data with the information that is essential to the audit process. Compilation of previous years' data helps determine if the organization being audited followed the audit observations issued by COA. This data can also be useful in determining future observations. The trends are useful to determine possible areas where the organization being audited has failed to follow accounting procedures and policies. Other than the audit process, having good business intelligence can help auditors make observations and recommend solutions by looking at the data from other auditors' work.

Having business intelligence is a good way to generate fast and accurate reporting. From an audit perspective, it is easy to compare data in previous years, the methods used, and the probable changes made to the accounting policies and procedures by the organization. The goal of an audit is to generate accurate and timely reporting for the benefit of external users.

References:

Article IX - Section D. Commission on Audit. (1987). In 1987 Philippine Constitution.