Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

KOOP > EXECUTIVE SUMMARY > Flashcards

EXECUTIVE SUMMARY Flashcards

TO MEMORIZE

1
Q
  1. It is mandated to promote the viability and growth of cooperatives as instruments of equity, social justice and economic development.
A
  1. The Cooperative Development Authority (CDA)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q
  1. The Republic Act (RA) No. 6939 dated on?
A
  1. March 10, 1990
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q
  1. The RA No. 11364, otherwise known as?
A
  1. “Cooperative Development Authority Charter of 2019”
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q
  1. RA No. 9520 otherwise known as?
A
  1. Philippine Cooperative Code of 2008
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q
  1. The Department of Finance by virtue of Executive Order (EO) No. 332 was dated on?
A
  1. July 16, 2004
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q
  1. The Office of the President by virtue of EO No. 1, s.2016 was dated on?
A
  1. June 30, 2016
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q
  1. Number of cooperative business process facilitated through value chain?
    * 2021 GAA Targets?
    * Actual Accomplishment?
    * Percentage Accomplishment?
A
  1. *300
    *308
    *102
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q
  1. Who signed the Law RA No. 11364 otherwise known as “Cooperative Development Authority Charter of 2019”?
A
  1. Rodrigo Roa Duterte
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q
  1. A Board of Administrators, consisting of the __________ and _____ members, govern the CDA.
A
  1. Chairman, six
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q
  1. When did President Rodrigo Roa Duterte signed the law?
A
  1. August 8, 2019
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q
  1. All are presidential appointees to serve for a ____ years without reappointment and are chosen from among the nominees of the cooperative sector with two representatives each from Luzon, Visayas, Mindanao.
A
  1. Six
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q
  1. As of December 31, 2021, the CDA has ____ total personnel complement composed of _____ permanent employees, ____ co-terminus and ____ Job Order (JO)/Contract of Services (COS) personnel distributed in its Central Office and ____ Regional Office (Ros) located nationwide.
A
  1. 748,656,27, 65,16
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q
  1. Number of compliant micro and small cooperatives graduating to small and medium asset size respectively.
    * What are the 2021 GAA Targets?
    * Actual Accomplishment?
    * Percentage of Accomplishment?
A
  1. *206 (micro to small)
    94 (small to medium)
    *295,126
    *143,134
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q
  1. Number of cooperatives implementing best practices
    * 2021 GAA Targets?
    * Actual Accomplishment?
    * Percentage Accomplishment?
A
  1. *1,223
    *2467
    *201
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Percentage of cooperatives compliant with laws, policies, and regulations
2021 GAA Targets?
Actual Accomplishment?
Percentage of Accomplishments?

A
  1. *80
    *97
    *97
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q
  1. Percentage of applications for registration of cooperatives and amendments to their Articles of Cooperation and By-Laws (ACBL) acted upon within the prescribed period.
    * 2021 GAA Targets?
    * Actual Accomplishments?
    * Percentage of Accomplishments?
A
  1. *100%
    *100
    *100
15
Q
  1. Percentage of cooperatives which rated registration/amendment processes as good or better.
    * 2021 GAA Targets?
    * Actual Accomplishments?
    * Percentage of Accomplishments?
A
  1. *80%
    *99
    *99
16
Q
  1. Percentage of registered cooperatives inspected/examined within the year.
    2021 GAA Targets?
    Actual Accomplishments?
    Percentage of Accomplishments?
A
  1. *100%
    *81
    *81
17
Q
  1. Percentage of non-compliant cooperative complying with sanctions and directives.
    2021 GAA Targets?
    Actual Accomplishments?
    Percentage of Accomplishments?
A
  1. *60%
    *75
    *75
18
Q
  1. Percentage of violations/complaints acted upon.
    2021 GAA Targets?
    Actual Accomplishments?
    Percentage of Accomplishments?
A
  1. *80%
    *100
    *100
19
Q
  1. The Audit covered the accounts and operations of the Central Office and 16 Ros of CDA for CY 2021. The audit was conducted to: a) ascertain the level of assurance that may be placed on the Management’s assertion on the financial statements; b) determine the propriety of transactions as well as extent of compliance on the applicable laws, rule, and regulations: c) recommend agency improvement opportunities; and d) determine the extent of implementation of prior year’s audit recommendation. Moreover, the audit was conducted in accordance with International Standards of Supreme Audit Institutions (ISSAIs).
A
  1. Scope of Audit
20
Q
  1. The Auditor rendered a modified opinion on the faithful presentation of the financial statements of CDA as at December 31, 2021 due to unrecorded audit disallowances, misclassifications of accounts and various erroneous accounting treatment in the Property, Plant and Equipment accounts resulted in the overstatement and understatement of the affected accounts’ year-end balances by Php 21,527,869.58 and Php21,177,810.76, respectively; thus, not fairly presented in the Financial Statements (FSs).
A
  1. Auditor’s Report on the Financial Statements
21
Q
  1. The following are the significant audit observations and corresponding recommendations that were discussed with the Management officials concerned, details of which were further discussed in the Part II of this report. Management views and comments were incorporated in the report, where appropriate.
A
  1. Summary of Significant Observations and Recommendations
22
Q
  1. Out of 42 audit recommendations embodied in the CY 2020 Annual Audit Report, 24 were implemented and 18 were not implemented. The details are discussed in the Part III of this Report.
A
  1. Status of Implementation of Prior Year’s Audit Recommendations

KOOP (16 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions