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RMC No. 05-2004: Publishes the full text of Government Accounting and FMIS Circular Letter No. 2003-006 issued by the Commission on Audit.

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Summary

RMC No. 5-2004 publishes the full text of Government Accounting and Financial Management Information System (FMIS) Circular Letter No. 2003-006 dated November 24, 2003, issued by the Commission on Audit.

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Key points

  1. Suspension of the SAI. The Circular Letter temporarily suspends use of the Supplies Availability Inquiry (SAI) under the manual version of the New Government Accounting System (NGAS) until the computerized accounting system is implemented.
  2. Alternative mode. In place of the SAI, agencies must adopt an alternative way of determining the availability of supplies and other inventories being requisitioned.

Who is affected

  • Government agencies using the manual NGAS

Deadlines and effectivity

  • Suspension lasts until the computerized accounting system is implemented

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.