The Commission on Audit wants a private contractor disqualified from future biddings of the Land Transportation Office for failure to comply with its contract obligation resulting in the delay in the delivery of motor vehicle license plates last year.
The Commission on Audit has called the attention of the Social Security System to the excessive amount of loans it extended as well as its significant delinquency rate.
The Commission on Audit has finally approved the sale of the 100-megawatt Iligan diesel power plant to the Alcantara-led Alsons Consolidated Resources Inc.
The Commission on Audit has turned down the Home Development Mutual Fund”s request for permission to put up a P1-million reward for the capture of businessman Delfin Lee, owner of the controversial housing firm Globe Asiatique Realty Holdings Corp. and now a fugitive from justice.
The Home Guaranty Corporation, tasked with providing shelter for the homeless and the poor, has a P12-billion deficit and may not be able to accomplish all of its duties, according to the Commission on Audit.
The Commission on Audit (COA) in its 2011 audit report has cited the Philippine Amusement and Gaming Corp. (Pagcor) for its record-breaking P36.659 billion income in 2011, its highest in 11 years.
The coco levy funds are subject to review by the Commission on Audit, the Supreme Court said as it declared as unconstitutional an executive issuance shielding it from such review.
The Commission on Audit (COA) is questioning the sale by the Social Security System (SSS) of its shares in the Manila Electric Co. (Meralco) for over P5 billion to a buyer with net assets of only P60 million.
Inventing things doesn’t always pay, but inventors still have to pay— their loans, that is.
The Commission on Audit seeks to put Philippine state auditors on the global map by bidding for more external auditing contracts with large multilateral organizations. The practice, CoA said, would also keep the institution abreast with global best practices. CoA—currently the external auditor of the Rome-based Food and Agriculture Organization (FAO) and the Geneva-based World [...]
The head of the Commission on Audit on Wednesday said that while the agency has uncovered something during its audit of the transactions of state-owned Development Bank of the Philippines, its audit was neither complete nor conclusive. CoA Chairperson Grace Tan told reporters at the sidelines of a forum held by the Financial Executives Institute [...]
THE ENERGY REGULATORY Commission yesterday assured the public that its recent order upholding the unbundled rates of power distributor Manila Electric Co. (Meralco) would not have an impact on existing electricity prices. ERC executive director Francis Saturnino Juan made the assurance as consumer groups raised the alarm that the order might increase electricity prices, adding [...]
