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IRBA appoints acting director of inspections


IRBA appoints acting director of inspections
Verdict Staff
March 8, 2021 (Last Updated March 16th, 2021 12:22)
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The Independent Regulatory Board for Auditors (IRBA) has appointed Ntlambi Gulwa as acting director: inspections in place of Imre Nagy, who has taken up the role of acting CEO.
Gulwa is a CA(SA) and a Registered Auditor (RA) with 15 years of experience in both private and public sectors, mainly in the auditing profession. She joined the IRBA in 2016 as an inspector and was shortly promoted to a team leader for inspections, responsible for responsible for providing leadership, mentoring; and ensuring that quality inspection’s reports are issued. ....

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PhilHealth has ₱116-B reserve fund, no need for additional ₱500M for indemnification – Recto


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Metro Manila (CNN Philippines, February 17) The Philippine Health Insurance Corporation or PhilHealth already has enough funds to compensate Filipinos who may experience serious side effects after being vaccinated against COVID-19, a lawmaker said Wednesday.
During a Senate hearing on the proposed COVID-19 Vaccination Program Act of 2021, Senate President Pro Tempore Ralph Recto strongly opposed the provision giving PhilHealth an additional P500 million for the indemnification fund. The state health insurer s financial statements show it has a reserve fund of ₱116 billion as of September 2020 and a net income of ₱5.3 billion that year, Recto said.
Judicious use of resources. Why should we give them an additional ₱500 million? That s the purpose of the reserve fund to begin with, for problems of this nature, Recto said. There s no need to give them 500 million. ....

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