Section 8
SEC. 8. Differential treatment. To implement the concept of greater flexibility, government corporations in general shall be accorded differential treatment which is more consistent with corporate organizational requirements as distinguished from regular government agencies, with respect to the exercise by the various service-wide agencies, such as the Civil Service Commission, the Commission on Audit, and the Office of Budget and Management, of their respective jurisdiction. The establishment of such differential treatment shall be guided by comporable and appropriate industry practices and standards. For the purpose of this provision, government corporations into a private corporation, and (3) sustained satisfactory financial and economic performance indicative of continuing financial viability. Such agreed classifications may be used as a basis for further rifferentials treatment among the different categories of government corporations. The Commission on Audit shall observe the applicable industry standards in the promulgation of appropriate accounting and auditing regulations, and towards this end shall ensure that government corporations establish and adopt accounting and auditing systems and standards which are consistent with the appropriate and applicable guidelines of the Commission on Audit, and which in any case shall be as uniform as possible and shall conform with law and with generally accepted accounting principles and sound auditing practices. The policy of the withdrawal of resident auditors shall be fully implemented; Provided, that adequate support shall be provided the Commission on Audit for the exercise of its audit function over government corporations, which support shall come from reasonable audit services charges levied by it on the individual government corporations, and supplemented as necessary from budgetary appropriations. The audit of government corporations by the Commission on Audit shall not preclude government corporations from engaging the services of private auditing firms; Provided, however, that even if the services of the latter are availed of, the audit report of the Commission on Audit shall serve as the report for purposes of compliance with audit requirements as required of government corporations under applicable law. The Civil Service Commission shall be guided by comparable industry practices and shall develop appropriate standards in its personnel policies pertaining to selection, movement, training, discipline and related matters. The Office of Budget and Management through the Office of Compensation and Position Classification shall formulate compensation and position classification policies which shall endeavor to make the government corporate salary scales competitive with, those for similar situated industry personnel. Nothing in this Section and in Section 9 hereinbelow shall be construed as in any way diminishing or limiting the responsibilities and accountabilities of government corporations and their corporate officials.