SDCA Journal of Accountancy

Abstract

Republic Act No. 9184 is the consolidation of House Bill No. 4809 and Senate Bill No. 2248 to provide the modernization, standardization, and regulation of the procurement activities of the government and for other purposes was enacted into law on May 15, 2003, since the government aim to be the ideal and the basis of the policies and procedures that favored constituents. This law repeals Executive Order No. 40. Series of 2001, entitled “Consolidating Procurement Rules and Procedures for all National Government Agencies, Government-owned and Controlled Corporations and Government Financial Institutions, and requiring the Use of the Government Electronic Procurement System. This paper aim to validate the vision of the government in the observation of the said governance. This Act able to monitor the abysmal graft and corruption cases in the country. The main context of the said statute is to put into place the concerned heads of different agencies, branches, and departments to their respective authority to be responsible enough to spend the allocated budget on the rightful, accurate, and correct purchases. This paper provides correlation of the implemented law and the practice of good governance that strictly observes and follows by the government employees, agencies, branches, and department. Planning is the start of the procurement process in the government procurement boards; it’s able to identify the need of the constituents based on the demand and acquisitions. In relation to the good governance, the law is equipped with provisions and rulings that can easily identify and possibility of red tape and graft and corruption. Corresponding penalty imposed to those employees who failed to observe and follow the guidelines.

Keywords: Good governance; graft and corruption; planning; procurement; purchases.