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COA Audit Reveals Deficiencies in OVP’s Secret Fund Receipts

by Mae De Vera, LAWIN.news November 5, 2024
written by Mae De Vera, LAWIN.news November 5, 2024
Vice President Sara Duterte on Aug. 20, 2024.
301

The Commission on Audit (COA) has recently confirmed that the Office of the Vice President (OVP) submitted over 1,200 deficient acknowledgment receipts. These receipts were meant to account for P125 million in confidential funds used over 11 days in December 2022. During a House of Representatives hearing, questions arose regarding the fund’s legitimacy and the accuracy of the receipts.

COA’s audit revealed discrepancies in the submitted documents, including incorrect dates and missing signatories. These errors raised concerns about the accountability of the OVP’s confidential funds. COA further highlighted that a significant portion of the expenditures remained unexplained, leading to a Notice of Disallowance. This notice identifies funds that should not have been spent or require further justification.

Reports indicate that out of the P125 million secret fund allocated to the OVP, over P73 million has been flagged by COA for irregularities. This has resulted in COA demanding the return of these funds. The flagged amount could not be accounted for properly, which sparked further investigation and scrutiny by lawmakers.

COA’s investigation into the OVP’s financial practices is part of its routine checks to ensure transparency and accountability in government spending. The confidential funds were reportedly used for various purposes, but the details provided in the acknowledgment receipts failed to meet COA’s standards for documentation.

The issue gained prominence when state auditors and lawmakers questioned the rapid deployment of the secret funds in a short time frame. The OVP reportedly spent the funds between December 21 and December 31, 2022, raising eyebrows regarding the speed and manner in which the funds were utilized.

Lawmakers have expressed concern over the handling of these funds and are considering legislative measures to prevent similar issues in the future. There is discussion of imposing stricter guidelines and limits on the use of confidential funds by government offices.

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Mae De Vera, LAWIN.news

Mae De Vera is a passionate advocate, creative professional, and entrepreneur. A graduate of Political Science from Saint Louis University and a law student of Arellano University, Mae is dedicated to empowering marginalized communities through outreach programs and advocacy. With a background in digital artwork, event flyer design, ESL teaching, and business management, Mae brings a versatile skill set to her endeavors. She also embraces her love for nature through farming, integrating sustainability into her life. Mae’s leadership experience as a consistent school student leader reflects her commitment to making a difference. Today, she combines her creativity, advocacy, and entrepreneurial spirit to create impactful stories and initiatives that inspire change. Disclaimer: The views and beliefs expressed by the author do not necessarily represent those of LAWIN.news, its management, editorial board, or staff.

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