Preamble
WHEREAS, Presidential Decree No. 111, dated January 26, 1973, has declared that the Commission on Audit created in the new Constitution is now in existence, and provided guidelines for its operations; WHEREAS, the General Auditing Office may serve as the nucleus of the Commission on Audit; and WHEREAS, there is an imperative need to set up an organization for the Commission on Audit that shall most effectively and economically carry out its powers and functions; 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 order and decree: