Sunday, October 19, 2014

CDA CHAIR FOR CO-OP TRAINING, AUDIT REFORMS





Compliance training for cooperative officers could be tailor fit according to the size and type of cooperatives, and not a one-size-fit-all kind.


This is among the reforms being mulled by the Cooperative Development Authority (CDA), according to its OIC-Chairman, Dr. Eulogio T. Castillo.


He announced this during a phone-patch interview during the week-end (Oct. 19) at Radyo ng Bayan's (DZRB 738 AM) "Ugnayang Kooperatiba ng Bayan sa Radyo ng Bayan".  


The program is hosted every Sunday, 1-3 p.m. by Filipino Inventors Society Producers Cooperative (FISPC), anchored by Popoy Pagayon; Rolly "Lakay" Gonzalo; and Andy Reyes, FISPC chairman, vice-chairman, and general manager, respectively.


"It is not fair that there is a common training module for both large and micro - across all types of cooperatives," Dr. Castillo remarked.


He proposed that micro and small cooperatives could be trained first on basic cooperative principles and governance, while large cooperatives should get specialized training related to their specific operations, he pointed out.


At present, cooperative leaders and officer need to complete a 12-module training program over two years, otherwise they will be barred from continuing, or from running for elective positions in their cooperative.


On the other hand, Dr. Castillo also proposed that, due to the cost of audit by certified public accountants, he said CDA is studying the possibility of micro-cooperatives being audited by their Audit and Supervisory Committees.


According to reports, failure among cooperatives to comply, among others, with the training and audit requirements have resulted in only some 46% of all registered cooperatives being issued their Certificate of Good Standing by CDA.


Moreover, of the number of cooperatives issued CGS, only some 55% of them were in turn issued Certificates of Tax Exemption (CTE) by the Bureau of Internal Revenue.  The CGS is among the documents required by BIR to issue a CTE to a cooperative. (END).

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