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The Commission on Audit's (COA) 2023 Annual Financial Report on Local Government Units (LGUs) has once again shed light on the financial prowess of cities, provinces, and municipalities across the Philippines. The report, a comprehensive assessment of the assets held by local government units, confirms a consistent leader in the urban category and highlights significant shifts in wealth rankings nationwide.

For the fourth consecutive year, Quezon City solidified its position as the wealthiest city in the Philippines, ending 2023 with a staggering P448.51 billion in total assets. This marks an increase of over P5 billion from its 2022 assets of P443.406 billion, demonstrating continued financial growth for the nation's most populous city. Quezon City's assets dwarf those of its closest contender by hundreds of billions of pesos, showcasing its dominant fiscal standing.

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Following Quezon City, Makati City maintained its rank as the second wealthiest city, with its assets growing to P243.44 billion in 2023 from P239.478 billion in the previous year. The capital, Manila (P85.92 billion), Pasig City (P53.72 billion), and Taguig City (P51.594 billion) also retained their third, fourth, and fifth spots, respectively, underscoring the sustained economic strength of Metro Manila's major hubs.

A notable surge was observed in Parañaque City, which impressively leapfrogged four ranks from 10th to 6th place. Parañaque's total assets reached P35.512 billion in 2023, an increase of over P8 billion from its 2022 figure of P27.376 billion.

Breaking into the top 10 from outside the National Capital Region was Mandaue City in Cebu, securing 7th place with P35.367 billion, and surpassing Mandaluyong City, which now ranks 8th with P33.92 billion. Davao City held steady at 9th place with P32.884 billion.

Top 20 Wealthiest Cities in 2023

Quezon City (P448.51 billion)
Makati City (P243.444 billion)
Manila (P85.92 billion)
Pasig City (P53.72 billion)
Taguig City (P51.594 billion)
Parañaque City (P35.512 billion)
Mandaue City (P35.367 billion)
Mandaluyong City (P33.92 billion)
Davao City (P32.884 billion)
Cebu City (P30.93 billion)
Caloocan City (P30.752 billion)
Butuan City (P28.695 billion)
Zamboanga City (P26.059 billion)
Laoag City (P21.049 billion)
Antipolo City (P20.794 billion)
Muntinlupa City (P19.995 billion)
Pasay City (P19.76 billion)
Sta. Rosa City, Laguna (P19.71 billion)
Calamba City (P19.034 billion)
Puerto Princesa City (P18.089 billion)

New entrants to the top 20 cities include Butuan City, Muntinlupa City, and Sta. Rosa City (Laguna), displacing Baguio City, Cagayan de Oro City, and Valenzuela City from the list.

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Wealthiest Municipalities: A New Leader Emerges

The 2023 report also saw a shuffle in the wealthiest municipalities list. Carmona, Cavite, the former top-placer, transitioned into a city in July 2023, thus exiting the municipal rankings.

Taking the lead is Caluya, Antique, with total assets of P6.269 billion, surpassing Limay, Bataan, and Silang, Cavite. A significant leap was made by Mariveles, Bataan, which surged from outside the top ranks to claim the fourth spot with P4.083 billion. Newcomers to the top 20 municipalities include Masinloc, Zambales, and Mauban, Quezon.

Top 20 Wealthiest Municipalities in 2023

Caluya, Antique (P6.269 billion)
Limay, Bataan (P6.171 billion)
Silang, Cavite (P4.483 billion)
Mariveles, Bataan (P4.083 billion)
Taytay, Rizal (P3.923 billion)
Binangonan, Rizal (P3.888 billion)
Cainta, Rizal (P3.845 billion)
Claver, Surigao del Norte (P3.519 billion)
Nasugbu, Batangas (P3.512 billion)
Sta. Cruz, Ilocos Sur (P3.486 billion)
Sinait, Ilocos Sur (P3.355 billion)
Magsingal, Ilocos Sur (P3.163 billion)
Cabugao, Ilocos Sur (P3.095 billion)
Rodriguez, Rizal (P3.061 billion)
Sual, Pangasinan (P2.995 billion)
Sta. Maria, Ilocos Sur (P2.985 billion)
Pilar, Abra (P2.962 billion)
Tanay, Rizal (P2.781 billion)
Masinloc, Zambales (P2.762 billion)
Mauban, Quezon (P2.741 billion)

Wealthiest Provinces: Cebu Continues to Dominate

Among the country's provinces, the urban powerhouse Cebu secured the top spot as the wealthiest province, boasting an impressive P309.897 billion in total assets. This marks a substantial increase of P74.16 billion from its P235.738 billion in 2022, solidifying its decade-long reign as the richest province.

Following Cebu, Rizal Province ranked second with P39.71 billion, reflecting a P4 billion increase from the previous year. The most improved province on the list was Camarines Sur, which dramatically advanced from 15th place in 2022 to third in 2023, with assets soaring to P33.415 billion – more than double its P16.192 billion in the prior year.

Top 20 Wealthiest Provinces in 2023

Cebu (P309.897 billion)
Rizal (P39.71 billion)
Camarines Sur (P33.415 billion)
Batangas (P32.522 billion)
Davao de Oro (P23.379 billion)
Cavite (P22.989 billion)
Ilocos Sur (P21.951 billion)
Bukidnon (P21.643 billion)
Negros Occidental (P21.068 billion)
Pampanga (P20.778 billion)
Iloilo (P20.75 billion)
Isabela (P18.67 billion)
Leyte (P18.667 billion)
Pangasinan (P18.36 billion)
Palawan (P17.956 billion)
Tarlac (P17.047 billion)
Zamboanga del Sur (P16.653 billion)
Surigao del Norte (P16.431 billion)
Negros Oriental (P15.307 billion)
North Cotabato (P14.843 billion)

Tarlac and North Cotabato are new additions to the top 20 provinces, replacing Bulacan and Nueva Ecija from the 2022 rankings. The COA's 2023 report provides crucial insights into the financial health and economic dynamism of local government units across the Philippines, highlighting areas of growth and the evolving landscape of the nation's wealthiest regions.

Philippines' Richest Cities: A Look to COA 2023 Report

By JDC Friday, January 3, 2025

The Commission on Audit (COA) is an independent constitutional body in the Philippines that plays a pivotal role in ensuring that public funds are used efficiently and responsibly.

It offers an exceptional opportunity for those considering a meaningful career in public service to contribute to the country's governance and financial transparency.

In this guide, we will delve into the vital aspects of COA, including its role and duties, salary grades, the recruitment process, and why working with COA truly matters.

What is Commission on Audit (COA)?

The Commission on Audit (COA) is the Philippines' supreme auditing institution, established under the 1987 Constitution. Its primary responsibility is to audit all government revenues, expenditures, and property ownership. The COA also develops accounting and auditing regulations to prevent the misuse and over-expenditure of government funds.

In simpler terms: The COA is an independent government agency that checks how the government spends its money. It does this by auditing all government accounts and developing rules to prevent financial wrongdoing.

The Commission on Audit (COA) submits yearly reports to both the President and Congress, highlighting the financial state and activities of the government. The COA also proposes strategies to improve the efficiency and effectiveness of government operations, making it a significant contributor to the promotion of good governance.

Why Work at COA?

Working with COA is an opportunity to be part of a dynamic institution that is committed to ensuring fiscal responsibility and ethical governance. COA's core values of God Centeredness, Patriotism, Excellence, Integrity, Professionalism, Courtesy, Modesty and Humility, and Reverence for Truth and the Rule of Law create an environment where employees can become agents of change and contribute to a better future for all Filipinos.

COA headquarters in Diliman, Quezon City

COA's vision of being a trustworthy, respected, and independent audit institution aligns with the aspirations of those who seek meaningful work. In a nation where public funds have a significant impact on the lives of all citizens, the role of COA is of utmost importance. As a COA employee, you would hold a critical responsibility in safeguarding these funds and ensuring their optimal utilization for the greater benefit of the country.

Regardless of your designation as an auditor, accountant, or administrative staff member, your contribution would hold significant value. COA's work directly influences the government's efficiency and accountability, thereby serving as a catalyst for positive change.

In other words, working with COA is a chance to make a real difference in the lives of Filipinos. It is an opportunity to work for an institution that is committed to good governance and transparency. And it is a place where your skills and talents will be valued and appreciated.

What are the Jobs and Positions at COA?

The Commission on Audit (COA) has the primary function to examine, audit and settle all accounts and expenditures of the funds and properties of the Philippine government.

COA also hires ADMINISTRATIVE AIDE positions like clerk, machine operator, driver, mechanic, electrician and more.

COA Region IV-B

Here we list the job positions and titles you can apply for at Commission on Audit (COA):

ACCOUNTANT II

Monthly Salary: PHP 39,672 (Salary Grade 16)

Requirements:

Education: BS Accountancy/BSC-Accounting/BSBA-Accounting
Experience: 1 year of relevant experience
Training: 4 hours of relevant training
Eligibility: RA 1080 (CPA)

ACCOUNTANT III

Monthly Salary: PHP 51,357 (Salary Grade 19)

Requirements:

Education: BS Accountancy/BSC-Accounting/BSBA-Accounting
Experience: 2 years of relevant experience
Training: 8 hours of relevant training
Eligibility: RA 1080 (CPA)

ACCOUNTANT IV

Monthly Salary: PHP 71,511 (Salary Grade 22)

Requirements:

Education: BS Accountancy/BSC-Accounting/BSBA-Accounting
Experience: 3 years of relevant experience
Training: 16 hours of relevant training
Eligibility: RA 1080 (CPA)

ADMINISTRATIVE OFFICER II

Monthly Salary: PHP 27,000 (Salary Grade 11)

Requirements:

Education: Bachelor’s degree relevant to the job
Experience: None required
Training: None required
Eligibility: CS Professional/Second Level

ADMINISTRATIVE OFFICER IV

Monthly Salary: PHP 36,619 (Salary Grade 15)

Requirements:

Education: Bachelor’s degree relevant to the job
Experience: 1 year of relevant experience
Training: 4 hours of relevant training
Eligibility: CS Professional/Second Level

BOARD SECRETARY II

Monthly Salary: PHP 43,030 (Salary Grade 17)

Requirements:

Education: Bachelor's degree relevant to the job
Experience: 1 year of relevant experience
Training: 4 hours of relevant training
Eligibility: CS Professional/Second Level

BOARD SECRETARY III

Monthly Salary: PHP TEST (Salary Grade 20)

Requirements:

Education: Bachelor's degree relevant to the job
Experience: 2 years of relevant experience
Training: 8 hours of relevant training
Eligibility: CS Professional/Second Level

BOARD SECRETARY IV

Monthly Salary: PHP 71,511 (Salary Grade 22)

Requirements:

Education: Bachelor's degree relevant to the job
Experience: 3 years of relevant experience
Training: 16 hours of relevant training
Eligibility: CS Professional/Second Level

BOARD SECRETARY V

Monthly Salary: PHP 90,078 (Salary Grade 24)

Requirements:

Education: Bachelor's degree relevant to the job with appropriate RA 1080 for positions, the duties and responsibilities of which involve practice of profession or 4 years of supervisory/management experience
Training: 40 hours of supervisory/management learning and development intervention undertaken within the last five years reckoned from the date of assessment
Eligibility: Appropriate RA 1080 for positions involving practice of profession or CS Profe ssional/Second Level if without appropriate RA 1080 for positions the duties and responsibilities of which do not involve practice of profession. Bachelor's degree relevant to the job with Master's Degree or Bachelor's degree relevant to the job with Bachelor of Laws degree or Bachelor's degree relevant to the job with Certificate in Leadership and Management from the CSC.

CHIEF ADMINISTRATIVE OFFICER

Monthly Salary: PHP 90,078 (Salary Grade 24)

Requirements:

Education: Bachelor's degree relevant to the job with appropriate RA 1080 for positions, the duties and responsibilities of which involve practice of profession or 4 years of supervisory/management experience
Training: 40 hours of supervisory/management learning and development intervention undertaken within the last five years reckoned from the date of assessment
Eligibility: Appropriate RA 1080 for positions involving practice of profession or CS Professional/Second Level if without appropriate RA 1080 for positions, the duties and responsibilities of which do not involve practice of profession. Bachelor's degree relevant to the job with Master's Degree or Bachelor's degree relevant to the job with Bachelor of Laws degree or Bachelor's degree relevant to the job with Certificate in Leadership and Management from the CSC.

CHIEF TECHNICAL AUDIT SPECIALIST

Monthly Salary: PHP 90,078 (Salary Grade 24)

Requirements:

Education: Bachelor's degree relevant to the job with appropriate RA 1080 for positions, the duties and responsibilities of which involve practice of profession or 4 years of supervisory/management experience
Training: 40 hours of supervisory/management learning and development intervention undertaken within the last five years reckoned from the date of assessment
Eligibility: Appropriate RA 1080 for positions involving practice of profession or CS Professional/Second Level if without appropriate RA 1080 for positions, the duties and responsibilities of which do not involve practice of profession. Bachelor's degree relevant to the job with Master's Degree or Bachelor's degree relevant to the job with Bachelor of Laws degree or Bachelor's degree relevant to the job with Certificate in Leadership and Management from the CSC.

SENIOR TECHNICAL AUDIT SPECIALIST

Monthly Salary: PHP 51,357 (Salary Grade 19)

Requirements:

Education: Bachelor’s degree relevant to the job
Experience: 2 years of relevant experience
Training: 8 hours of relevant training
Eligibility: CS Professional/Second Level

SPECIAL INVESTIGATOR I

Monthly Salary: PHP 27,000 (Salary Grade 11)

Requirements:

Education: Bachelor’s degree relevant to the job
Experience: None required
Training: None required
Eligibility: CS Professional/Second Level

SPECIAL INVESTIGATOR II

Monthly Salary: PHP 36,619 (Salary Grade 15)

Requirements:

Education: Bachelor’s degree relevant to the job
Experience: 1 year of relevant experience
Training: 4 hours of relevant training
Eligibility: CS Professional/Second Level

SPECIAL INVESTIGATOR III

Monthly Salary: PHP 46,725 (Salary Grade 18)

Requirements:

Education: Bachelor’s degree relevant to the job
Experience: 2 years of relevant experience
Training: 8 hours of relevant training
Eligibility: CS Professional/Second Level

SPECIAL INVESTIGATOR IV

Monthly Salary: PHP 71,511 (Salary Grade 22)

Requirements:

Education: Bachelor’s degree relevant to the job
Experience: 3 years of relevant experience
Training: 16 hours of relevant training
Eligibility: CS Professional/Second Level

SPECIAL INVESTIGATOR V

Monthly Salary: PHP 90,078 (Salary Grade 24)

Requirements:

Education: Bachelor's degree with appropriate RA 1080 for positions, the duties and responsibilities of which involve the practice of profession or 4 years in positions involving management and supervision
Training: 40 hours of training in management and supervision taken within the last five years reckoned from the date of assessment
Eligibility: Appropriate RA 1080 for positions involving practice of profession or CS Professional/Second Level if without appropriate RA 1080 for positions, the duties and responsibilities of which do not involve practice of profession.

DIRECTOR III

Monthly Salary: PHP 131,124 (Salary Grade 27)

Requirements:

Education: Bachelor's degree with appropriate RA 1080 for positions, the duties and responsibilities of which involve practice of profession or at least 5 years of highly technical functions and/or responsibilities involving study and recommendation of policies, at least 1 year of which involved policy functions at the level of head of a division, audit team, or equivalent unit
Experience: Completion of COA’s Senior Executive Development Program (SEDP) within the last five years
Training: Completion of COA’s SEDP supplemented by 120 hours of supervisory/management learning and development intervention undertaken within the last five years reckoned from the date of assessment (if SEDP was taken more than five years ago)
Eligibility: Appropriate RA 1080 for positions involving practice of profession or Career Service Professional or Second Level eligibility. Bachelor's degree with Master's Degree or Bachelor's degree with Bachelor of Laws or Bachelor's degree with Certificate in Leadership and Management from the CSC.

DIRECTOR IV

Monthly Salary: PHP 148,171 (Salary Grade 28)

Requirements:

Education: Bachelor's degree with appropriate RA 1080 for positions, the duties and responsibilities of which involve practice of profession or at least 5 years of highly technical functions and/or responsibilities involving study and recommendation of policies, at least 1 year of which involved policy functions at the level of assistant head of an office, cluster, or equivalent unit
Experience: Completion of COA’s Senior Executive Development Program within the last five years
Training: Completion of COA’s SEDP supplemented by 120 hours of supervisory/management learning and development intervention undertaken within the last five years reckoned from the date of assessment (if SEDP was taken more than five years ago)
Eligibility: Appropriate RA 1080 for positions involving practice of profession or Career Service Professional or Second Level eligibility. Bachelor's degree with Master's Degree or Bachelor's degree with Bachelor of Laws or Bachelor's degree with Certificate in Leadership and Management from the CSC.

See all job positions at Commission On Audit (COA)

How to Apply and Be Part of COA?

Becoming a part of the Commission on Audit (COA) means joining a team that is fully committed to promoting transparency, accountability, and responsible governance.

The COA recruitment process is carefully designed to identify individuals who share these core values.

Here’s a breakdown of the recruitment requirements:

Application Submission (Before taking the COA Pre-employment Test)

Application letter
Personal Data Sheet (PDS) – CS Form No. 212 (Revised 2017) (original copy)
Passport size ID picture
Government-issued ID with thumb mark
Work Experience Sheet (WES) attached to the PDS (original copy)
Affidavit declaring information on relatives in COA, residency status, and willingness to accept lower position level/salary grade (original copy)
Transcript of Records (TOR) (photocopy)
Diploma (photocopy)
Certificates of Training (photocopy) – relevant to the position

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Additional Requirements

For Licensed Professionals:

Certificate of Registration issued by the PRC
Certificate of board rating issued by the PRC
Valid professional license issued by the PRC

For Lawyers:

Certificate of membership in the Philippine BAR issued by the Supreme Court
Certificate of BAR rating issued by the Supreme Court
For CS Professional/Sub-professional:
Certificate of eligibility issued by the CSC

Initial Interview (After taking the COA Pre-employment Test)

Original copies of TOR and Diploma
Decision issued for appointees with decided administrative/criminal cases (photocopy)

Additional Requirements for Transferees and Reemployment

Last approved appointment (photocopy)
Performance Rating/s (photocopy)
Clearance from the Office of the Ombudsman (photocopy) – for transferees only
Clearance from previous employer-government agency (photocopy) – for reemployment only

Final Interview (After Passing the Initial Interview)

Notarized PDS (2 original copies)
Updated WES (2 original copies)
Notarized affidavit (original copy)
Certificate of employment (original copy) – for positions requiring relevant experience
Additional documents like Birth Certificate, Marriage Contract/Certificate (if applicable)

Assumption to Office (After Passing the Final Interview)

Certification of Assumption to Duty (CS Form No. 4, Revised 2018) (2 original copies)
Oath of Office (CS Form No. 32, Revised 2018) (2 original copies)
Sworn Statement of Assets, Liabilities and Net Worth (2 original copies)
Position Description Form (DBM CSC Form No. 1, Revised 2017) (2 original copies)
Medical Certificate (CS Form No. 211, Revised 2018) (original copy)
Integrity Pledge (original copy)
Valid NBI Clearance (original copy)

ACTIVITIES AND TOURS IN MANILA

Career Opportunities at Philippine Government Agencies

Commission On Audit (COA) Job Vacancies 2023 Employment Hiring

By JDC Sunday, July 2, 2023

This overview provides insights into the history, functions, structure, and significance of the Commission on Audit.

The Commission on Audit (COA) is an independent constitutional body in the Philippines tasked with examining, auditing, and overseeing government funds, resources, and transactions. As a guardian of public accountability and transparency, COA plays a pivotal role in ensuring the efficient and effective use of public funds.

About Commission on Audit

The Commission on Audit is a creation of the 1987 constitution. It was preceded by the Office of the Auditor in 1899, renamed as the Bureau of the Insular Auditor in 1900, then to the Bureau of Audits in 1905.

The 1935 constitution created the General Auditing Office (GAO), and was led by the Auditor General. The 1973 constitution renamed the GAO to the Commission on Audit, a collegial body led by a chairman, with two commissioners. That setup was retained by the 1987 constitution.

The other two Constitutional Commissions are the Commission on Elections and Civil Service Commission.

Key Functions

Financial Auditing: The primary function of COA is to audit the financial statements, accounts, and operations of government agencies, including local government units. This includes scrutinizing revenues, expenditures, and financial transactions to ensure their legality, regularity, and propriety.

Performance Auditing: COA goes beyond financial audits and conducts performance audits to assess the effectiveness, efficiency, and economy of government programs and projects. This helps identify areas for improvement and ensures that public resources are used wisely.

Compliance Review: COA reviews compliance with laws, regulations, and policies related to government finance and operations. It ensures that government agencies adhere to legal and procedural requirements in their activities.

Recommendations and Reports: Based on its audits, COA provides recommendations and issues audit reports that highlight findings, observations, and recommendations for improvement. These reports serve as tools for accountability and transparency in government.

Pre-Audit Function: COA also has a pre-audit function, which involves reviewing and approving government transactions before funds are disbursed. This helps prevent irregularities and ensures that transactions are in line with legal and financial requirements.

Structure

The Commission on Audit is composed of a Chairman and two Commissioners, all appointed by the President with the consent of the Commission on Appointments. The Chairman serves as the head of the Commission and oversees its operations. Commissioners collectively contribute to decision-making and policy formulation.

Independence and Accountability

COA is an independent body, free from political influence or pressure. This independence is crucial in ensuring that audits are conducted objectively and without bias. COA's accountability is to the Filipino people, as it works to safeguard public resources and promote good governance.

Impact and Significance

COA's work is essential for promoting accountability, transparency, and integrity in government operations. By holding government agencies accountable for their financial and operational activities, COA contributes to the prevention of corruption, the enhancement of public trust, and the efficient use of public funds.

Commission on Audit is headquartered at National Building, Commission on Audit Compound, Commonwealth Avenue, Diliman, Quezon City

Challenges and Innovations

COA faces challenges related to the complexity of government transactions, capacity-building, and the use of modern technology. To address these challenges, COA has embraced digitalization, implemented computerized auditing systems, and collaborated with international audit organizations to adopt best practices.

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In conclusion, the Commission on Audit (COA) plays a critical role in ensuring the prudent use of public funds and resources. Through its rigorous audits, performance evaluations, and recommendations, COA contributes to the maintenance of financial discipline and the enhancement of public sector efficiency and accountability in the Philippines.