Liloan gets highest COA audit rating

Credit to Author: The Manila Times| Date: Mon, 29 Jun 2020 18:13:49 +0000

LILOAN has received an “unqualified opinion” from the Commission on Audit (COA) in its calendar year 2019 Annual Audit Report for the Municipality, Mayor Christina Frasco announced recently. An “unqualified opinion” is the highest audit rating an auditor can give, reflecting the soundness of the financial statements of the Local Government Unit audited. In a […]

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Check paper trail to flush out PhilHealth ‘mafia’–Lacson

Credit to Author: besguerra| Date: Sun, 18 Aug 2019 23:24:31 +0000

Rumored budget cut in veterans' pension 'fake news,' says Lacson

MANILA, Philippines — Documents won’t lie. Sifting through the financial records of Philippine Health Insurance Corp. (PhilHealth) could be the key to unmasking the real members of the so-called mafia who were supposedly controlling the affairs of the state insurance firm, Sen. Panfilo Lacson on Sunday said. “One of the means for us to find […]

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Drilon renews call for COA special audit on Philhealth

Credit to Author: jespinosa| Date: Sun, 18 Aug 2019 06:41:58 +0000

Drilon to DBM: Don't hold ‘hostage’ state workers’ salary increase

MANILA, Philippines — Senate Minority Leader Franklin Drilon on Sunday renewed his call for the Commission on Audit (COA) to conduct a special audit on the Philippine Health Insurance Corp. (Philhealth) as he underscored the importance of removing corruption from the office.  Drilon said that Philhealth’s net operating loss reached P26 billion over the last […]

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COA questions CAAP over P500M spent for 10 execs’ life insurance

Credit to Author: racosta| Date: Sat, 17 Aug 2019 22:00:55 +0000

CAAP steps up security in airports as Holy Week nears

MANILA, Philippines — The Commission on Audit (COA) has called out the Civil Aviation Authority of the Philippines (CAAP) for purchasing life insurance plans worth a total of P500 million for 10 of its officials, despite lack of board approval and proper selection criteria. In its annual audit report, the COA said the insurance plans, […]

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MRT-3 revenues, passenger volume hit record low in 2018 — COA

Credit to Author: acerojano| Date: Wed, 14 Aug 2019 13:01:09 +0000

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MANILA, Philippines – The generated revenues and serviced passengers of the Metro Rail Transit Line 3 (MRT-3) registered a record low in 2018, according to the Commission on Audit (COA) report released on Wednesday. In the audit report, COA showed a comparative analysis of MRT-3’s operations over four years, which revealed that collection from ticket […]

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299 irrigation projects worth over P20B delayed — COA

Credit to Author: jespinosa| Date: Tue, 13 Aug 2019 05:50:29 +0000

MANILA, Philippines – The Commission on Audit has flagged 299 irrigation contracts worth P20.70 billion that have been delayed for up to 2,287 calendar days due to poor performance of contractors and other factors. COA’s audit report of the National Irrigation Administration (NIA) for 2018 released this August 9 also revealed that liquidation damages were […]

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Teachers seek congressional probe of textbook fiasco

Credit to Author: besguerra| Date: Sun, 11 Aug 2019 23:27:09 +0000

Teachers seek congressional probe of textbook fiasco

MANILA, Philippines — Public school teachers urged lawmakers to immediately conduct a congressional probe into the textbook fiasco state auditors highlighted recently, with one group likening the misuse of funds and numerous questions it raised to a “can of worms.”

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Error-filled books: DepEd traces COA findings to late data updates

Credit to Author: racosta| Date: Fri, 09 Aug 2019 21:50:36 +0000

Error-filled books: DepEd traces COA findings to late data updates

Amid calls for accountability as prompted by a state audit report on error-filled textbooks worth P254 million, the Department of Education (DepEd) sought to explain the findings of the report as a question of procedure.

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COA flags NFA for P7B loan repayments instead of food stocks

Credit to Author: racosta| Date: Fri, 09 Aug 2019 21:25:40 +0000

The National Food Authority (NFA) spent P7 billion in government subsidy to pay for maturing loans instead of implementing the agency’s Food Security Program (FSP), which was its intended purpose.

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