The Association of Government Internal Auditors, Inc. (AGIA) recognized the Philippine Deposit Insurance Corporation (PDIC) for its exceptional contribution in implementing innovations and/or best practices in internal auditing in the Government Owned and Controlled Corporation (GOCC) sector, particularly in Internal Control Assessment (ICA) during AGIA’s 64th Annual National Convention cum Seminar held on October 17-20, 2023 at the Boracay Newcoast Convention Center in Malay, Aklan.
The PDIC was the sole awardee for the best innovations/practices in Internal Auditing. PDIC Vice President Josie Jane C. Ablir (Internal Audit Group) accepted the award on behalf of the Corporation.
The PDIC was recognized following the evaluation of its entry on the ICA Rating which was submitted in July 2023 to the AGIA’s Search for Internal Audit Service (IAS) with Best Innovations and Best Practices in Internal Auditing. Entries were evaluated based on relevance/significance in internal auditing, contribution to agency operations, and sustainability.
AGIA’s Search aimed to give due recognition and reward to government internal auditing units for best innovations/practices in internal auditing that contribute to efficient and effective public service and good governance. The search for IAS was open to National Government Agencies, GOCCs/GFIs, local government units, and state universities and colleges.
AGIA is a non-government organization that aims to provide quality seminars and trainings to internal auditors and allied professionals in the Philippines public sector.
The PDIC is the state deposit insurer that protects depositors through deposit insurance of up to P500,000 per depositor, per bank. A staunch advocate of financial literacy and financial inclusion, the PDIC prides itself with a workforce whose core values include integrity and professionalism. The PDIC has also been consistently recognized by the Governance Commission for GOCCs (GCG) as a champion of good governance by attaining notable ratings in the GCG’s Corporate Governance Scorecard.