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The Commission on Audit has flagged the Philippine Information Agency over a P206.304-million discrepancy on the value of its property plant and equipment from what was declared in its books as compared to the physical inventory.

May 07, 2021 IN RESPONSE to the Commission on Audit’s (COA) report questioning the validity of the Davao City Government's assets worth P9.489 billion in 2020, Mayor Sara Duterte-Carpio said the Covid-19 community quarantine restrictions prevented the city from making a physical inventory on these assets. In a statement provided to the media by the Davao City Information Office on Thursday night, May 6, Duterte-Carpio said the COA observations with corresponding recommendations were among the key issues deliberated upon during the COA Exit Conference held on February 23, 2021, ...

State auditors flagged the government of Davao City for the questionable existence of assets amounting to ₱9.48 billion, a 2020 audit report showed.

Published May 6, 2021, 9:11 PM The Commission on Audit (COA) has questioned the Davao City government’s assets amounting to more than P9.48 billion or 40 percent of its total assets recorded as of Dec. 31, 2020 as well as its millions of coronavirus disease (COVID-19) disbursements last year. COA (Manila Bulletin File Photo) Based on the 2020 audit of the Davao City released on Wednesday, May 5, the Davao City’s Property, Plant, and Equipment (PPE) accounts amounting to more than P9.48 billion “cannot be ascertained as to its validity, correctness and existence.” “Amidst the COVID-...