Sunday, November 14, 2010

COA Implements Stricter Auditing On LGU, Gov’t Agencies Funds


The Commission on Audit (COA) is set to implement stricter and rigid process in auditing the funds and budgets used by local government units (LGUs) as well as various government agencies.

COA commissioner Juanito G. Espino Jr. said that this is necessary especially that some LGUs were found to have released bonuses that are beyond the limit allowed by the Department of Budget and Management and the Local Government Code.
Commissioner Espino said they will also thoroughly audit the works of government agencies to make sure that the public funds and budget allotted to them by the national government are properly used.

Espino said that COA will definitely require LGU and government agencies to explain discrepancies in their reports as well as pursue criminal and administrative cases if necessary.

The commissioner said that COA is now implementing new strategies in auditing so as to save money for the national coffers. This is also in the light of various reports wherein LGUs and government agencies have been giving illegal bonuses to employees.

Commissioner Espino, an Ilonggo himself was in Iloilo City recently to lead the turn-over of wheelchairs to crippled children and beneficiaries in several towns in the province of Iloilo.(PNA) /MP

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