Government business enterprises (GBEs) earned P1.268 trillion in 2020 but spent P1.613 trillion, thus, resulting to a P345.11 billion in losses before tax, 2020 Annual Financial Report released by the Commission on Audit has revealed. Renamed by COA as Commercial Public Sector Entities (CPSE’s),...
The Commission on Audit has upheld the decision of two state-run firms engaged in power management and distribution to spend US$ 2.69 million (approximately P134.5 million) in hiring foreign and local lawyers, together with expert witnesses, for legal representation in the arbitration proceedings...
A retired labor attache’s neglect to demand payment for differentials in payment of allowances during his stint abroad has cost him nearly P2-million in money claims from government. 4C066E0A-F172-4FC2-A79E-EBEC6BE79E53_4_5005_c In a recent decision, the Commission on Audit-Commission Proper...
The Commission on Audit (COA) has cleared former Puerto Princesa City Mayor Edward Hagedorn of liability for allegedly violating 13 years ago the strict requirements of publication of projects up for public bidding in connection with two city government infrastructure contracts involving some P44...
The Commission on Audit has suspended the creation of teams that will be tasked to conduct fraud and special audit based on complaints or petitions against all politicians who have filed their respective certificate of candidacy for the May 9, 2022 elections....
The local government of Marikina City has been granted authority to conduct negotiated sale of real estate at the upscale Loyola Grand Villas, four years after offering the lots at bargain prices in 2017. Mayor Marcelino Teodoro Mayor Marcelino R. Teodoro sought permission of the Commission on...
The Commission on Audit may still conduct a fraud audit of the reported overpricing of billions of pesos worth of face masks and face shields if sought by citizens or requested by any agency. 4C066E0A-F172-4FC2-A79E-EBEC6BE79E53_4_5005_c Former Commission on Audit Chairperson Grace Pulido-Tan aired...
The Commission on Audit on Wednesday, Sept. 15 cleared the air on the controversy surrounding the reported overpricing of billions of pesos worth of face masks and face shields procured by government, declaring that there was no finding of “overpricing” when it audited the Procurement...
The Commission on Audit’s admission of experiencing difficulty in auditing confidential and intelligence funds disbursements has made it necessary for Congress to pass the bill creating a joint congressional oversight body to examine multi-billion peso allocations for the said program. Malacanang...
The hundreds of billions of pesos spent by government for massive procurement of COVID-19 vaccines will not escape the prying eyes of auditors of the Commission on Audit (COA) notwithstanding the non-disclosure provisions of contracts that cover the purchases. Audit cartoons COA Chairman Michael...
Commission on Audit Chairman Michael Aguinaldo on Friday, Sept. 3 said the state audit agency does not have any authority to audit the Philippine National Red Cross. Philippine Red Cross Aguinaldo made this statement in response to questions raised by Albay Rep. Edcel Lagman on the issue which was...
“Who audits COA (Commission on Audit)?” 2DFB8829-8307-438F-8979-726B0F01E16D_4_5005_c In less than 24 hours after President Rodrigo Duterte publicly posed this question, the Commission on Audit released its 2020 Annual Audit Report that flagged several expenditure items that may not have been...
