Amending Executive Order No. 160 (S. 2003), And For Other Purposes

Case Overview and Summary

Summary of Executive Order No. 155

Amending Executive Order No. 160 (s. 2003)

- Mandates the Fiscal Intelligence Unit (FIU) of the Department of Finance to perform the following functions of the Post Entry Audit Group (PEAG) created under EO No. 160: (Section 1)

Trade Information and Risk Analysis Office:
• Set framework and benchmarks for compliance measurements of industry groups. (Section 1.a.1)
• Coordinate with Management Information System and Technology Group to develop a computer-aided risk management system using data warehousing technology and statistical tools. (Section 1.a.2)
• Implement the computer-aided risk management system to develop and establish audit selection parameters based on objective and quantifiable data. (Section 1.a.3)
• Establish and recommend audit targets to the Commissioner of Customs. (Section 1.a.4)
• Set policies, guidelines, manuals, and standard operating procedures relating to audit and continuously assess how audit performance can be improved. (Section 1.a.5)
• Perform other related functions. (Section 1.a.6)

Compliance Assessment Office:
• Formulate an audit work plan for approved audit targets. (Section 1.b.1)
• Conduct audit examination, inspection, verification, or investigation in accordance with set policies, guidelines, manuals, and standard operating procedures. (Section 1.b.2)
• Prepare and submit audit reports. (Section 1.b.3)
• Develop and implement a customs compliance program. (Section 1.b.4)
• Perform other related functions. (Section 1.b.5)

- Provides for the winding-up of operations of PEAG, including the final disposition or transfer of their functions, assets, and liabilities, in accordance with the Rules and Regulations Implementing EO No. 72 (s. 2002). (Section 2)
- Affected officers and employees of PEAG shall be absorbed by the Bureau of Customs, without prejudice to their rights and benefits granted under existing laws, rules, and regulations. (Section 2)
- The Department of Budget and Management, with the assistance of appropriate departments, agencies, and instrumentalities, shall ensure the smooth and efficient implementation of the winding-up activities. (Section 2)
- Contains a separability clause. (Section 3)
- Repeals, amends, or modifies all issuances, orders, rules, and regulations, or parts thereof, which are inconsistent with this Order. (Section 4)
- Takes effect immediately upon publication in the Official Gazette or in a newspaper of general circulation. (Section 5)