Section 14
SEC. 14. FUNCTIONS OF THE CORPORATE AUDIT OFFICE. The Corporate Audit Office shall perform the following functions: Formulate and develop plans, programs, operating standards, and administrative techniques for: the implementation of auditing and accounting rules and regulations in government-owned or controlled corporations and self-governing boards, commissions, or agencies of the National Government; and the conduct of audit of financial operations of public utilities and franchises. Advise and assist the Chairman on matters pertaining to the audit of government-owned or controlled corporations and other self- governing boards, commissions, or agencies of the National Government; and Consolidate the corporate audit reports from all the regions for inclusion in the annual report of the Commission.