SAFADECO undergo training on Audit Management

Representatives of SAFADECO during the Audit Management Training.
Inset Photo: Mrs. Evelyn Peña, resource speaker from South-Luzon
                    Federation of Cooperatives

SAFADECO (Salvacion Farmers' Development Cooperative) in Sorsogon City was among the thirteen (13) Agrarian Reform Beneficiaries’ Organizations (ARBOs) that participate in the recent training on Audit Management conducted by the Department of Agrarian Reform (DAR) in partnership with South-Luzon Federation of  Cooperatives or SIDECO.

     Particularly, they learned about the kinds, purpose, scope and frequencies of internal audit; duties and responsibilities of the audit committee; code of ethics for the audit committee; auditing standards; books of accounts and other financial records of the cooperative; standard chart of accounts; rules and regulations; preparation of audit plan; standards in audit report writing; the value of the internal audit report; and monitoring audit recommendations.