The Commission on Audit (COA) has demanded the liquidation of P2.5 billion that the Aquino administration distributed to nine government agencies tasked to implement activities when the country hosted in 2015 Asia Pacific Economic Cooperation (APEC) conferences. Reporting on the annual audit examination conducted last year on the Office of the President (OP), COA said liquidation of the expenses incurred by government is important in ensuring proper documentation and accounting of government funds. In the 2015 annual audit report released early this week, COA also asked the OP to account for the utilization of the P90 million the PH donated to the United Nations (UN) as part of the country’s contribution to the worldwide campaign to battle the Ebola outbreak. “Review of documents revealed that as of December 31, 2015, the concerned agencies had not submitted the audited Report of Disbursements and had not returned the excess funds, if any, [...]
