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PD 1445 Section 62

Audit of surplus or networth.

Section 62

SEC. 62. Audit of surplus or networth. —The audit of surplus or networth shall seek to determine the nature of the surplus, whether current or invested surplus; the amount of current surplus available to cover appropriations for the operational expenses of the government; the propriety of the ledger accounts and balance sheet presentation account; and the proper authority and recording of changes in the capital structure made during the period under audit.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER 2. AUDIT OBJECTIVES →

Other provisions in CHAPTER 2. AUDIT OBJECTIVES

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationPD 1445 Section 62 (LawPlayer, data as of 2026-07-04)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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